$BCH /USDT
Bullish Breakout Trade Summary
• Entry: $590 – $595, after a 4-hour candle closes above resistance
• Stop Loss: $515, below recent swing low and channel midpoint
• Take Profit:
• TP1: $740 (conservative)
• TP2: $880 (mid-range)
• TP3: $1,040 (full target, psychological $1k)
Technical Overview: Price is in an ascending channel. A breakout above the upper trendline suggests a move equal to the channel height. Risk per coin is $75 with a potential gain of $450, giving a 6:1 risk/reward ratio. Watch for fakeouts and consider waiting for a retest of the breakout level for a safer entry.
BCH
587.3
+8.80%
