BCH Trade Setup:
Entry: ~594 (current price)
Stop-Loss: 580
Take-Profit Targets:
👉 TP1: 601
👉 TP2: 608
👉 TP3: 620
📊 Technical Context (Not Financial Advice)
🔹 Support & Resistance
• Near-term resistance levels above price: ~596–600, ~606–608, ~615–622 — aligns well with your TPs.
• Support levels around ~$588–585 — consistent with your SL area.
🔹 Indicators & Momentum
• Short‐term price is hovering around key pivot resistances — break above could attract momentum toward your second and third targets.
• RSI shows neutral to slightly bullish tendencies, suggesting room to run up before overbought conditions.
📌 Risk & Money Management Guidelines
• Risk per trade: Suggest risking only a small % of your capital on this trade (e.g., 1–3%).
• Trail Stop: Once price hits TP1 or TP2, consider moving SL to breakeven to protect capital.
• Volume & Volatility: Crypto can move fast — watch volume for breakouts or false rejections.
#MarketRebound #StrategyBTCPurchase #USNonFarmPayrollReport $BCH
BCHUSDT
Perp
586.21
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