$BCH is stabilizing after the sharp drop into the 571.4 reaction low and I am watching this closely because buyers stepped in immediately at that support zone and defended it with steady pressure. The 1h candles are holding above the bounce base and price is forming a controlled structure which shows momentum is trying to shift back toward buyers after the pullback.
Here is my full setup from this chart
Entry Point
582.0 – 576.8
Target Point
TP1: 588.5
TP2: 594.0
TP3: 598.6
Stop Loss
571.0
It is possible because every dip near the support zone is getting absorbed quickly and selling pressure is fading with each candle. If BCH stays above the base the move toward 588.5 becomes the natural first step before momentum attempts higher levels again.
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BCH
579.1
-1.94%