We’re seeing a healthy correction in $BCH after the recent run-up. Corrections like this are essential they shake out weak hands, consolidate gains, and allow the market to build strength before the next leg higher. I’m watching closely because this retracement could be the perfect setup for a strong bounce.

Trade Setup:

Entry Zone: $590–$595

Target 1: $610

Target 2: $628

Stop Loss: $583

This zone is particularly strong. Previous support around $590 has held multiple times over the last few weeks, acting as a solid reaction area. It also aligns with the 0.382 Fibonacci retracement of the last swing, giving extra confidence that buyers will step in here.

I’m seeing accumulation starting in this area they’re building strength quietly. If this level holds, we could see a clean retest of recent highs with minimal volatility. Patience is key here, but this setup looks ready to reward disciplined entries.