BCH is breaking out of its recent range, looking juicy for a long. We're talking a potential reversal here, with the price action starting to wake up.
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🟢 BCH LONG 📈
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📍 Entry Range: $195.9539 – $196.3461
🛑 Stop Loss: $190.2655 (-3.0%)
🎯 TP1: $199.0922 (+1.5%)
🏆 TP2: $205.9575 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
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The CHoCH signal just fired, confirming a market structure break, and we've got CVD backing it up with volume, plus a clear FVG and OB to work with. POI confluence is also looking sweet, with the OB and FVG overlapping nicely. This setup's got all the right pieces in place, feeling pretty confident about it.
A 3.0% stop loss seems about right, not too tight, not too wide, and I'd say 2x leverage is a good fit for this trade.
We should definitely consider taking some profit off the table at TP1, don't want to get greedy and let a winner turn into a loser
Not financial advice — always manage your own risk 🙏
#BCHUSDT $BCH #SMC #Write2Earn #Binance
━━━━━━━━━━━━━━━━━━━━━
🟢 BCH LONG 📈
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $195.9539 – $196.3461
🛑 Stop Loss: $190.2655 (-3.0%)
🎯 TP1: $199.0922 (+1.5%)
🏆 TP2: $205.9575 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 88%
━━━━━━━━━━━━━━━━━━━━━
The CHoCH signal just fired, confirming a market structure break, and we've got CVD backing it up with volume, plus a clear FVG and OB to work with. POI confluence is also looking sweet, with the OB and FVG overlapping nicely. This setup's got all the right pieces in place, feeling pretty confident about it.
A 3.0% stop loss seems about right, not too tight, not too wide, and I'd say 2x leverage is a good fit for this trade.
We should definitely consider taking some profit off the table at TP1, don't want to get greedy and let a winner turn into a loser
Not financial advice — always manage your own risk 🙏
#BCHUSDT $BCH #SMC #Write2Earn #Binance