Donโt skip this โ important levels ahead
Bitcoin Cash (BCH) is once again approaching a major resistance zone, a level from which price has already been rejected 4 times. This move marks the 5th attempt, making this area extremely critical for both long scalps and future short opportunities.
If momentum sustains, we can capitalize on a short-term long scalp using strict risk management and a trailing stop-loss strategy.
๐ Short-Term Long Scalping Plan (Intraday / Short Swing)
๐ข Entry Strategy
Pullback Buy Zone:
๐ 636.5 โ 640
DCA Zones:
โซ 632.5 โ 635
โซ Extra DCA: 628.5 โ 630
๐ด Stop-Loss: 627.8
(Invalidation level โ no holding below this)
๐ฏ Upside Targets
648.5
652.5
660.5
668 โ 670 (lower probability, but possible with strong momentum)
๐ Risk Management Rule:
โก๏ธ Once 648.5 is hit, move Stop-Loss to Entry to secure a risk-free trade.
โ ๏ธ Major Supply Zones (Important for Shorts)
These are areas where selling pressure is expected and short setups will be planned.
๐ป Big Supply Zones:
650 โ 655 โ First rejection zone
666 โ 670 โ Strong supply
680 โ 700 โ Weekly resistance & biggest wall
๐ Short Trade Planning (Later Setup)
๐ด Short Entry Zones
โซ Zone 1: 650 โ 660 (first short opportunity)
โซ Zone 2: 666 โ 670 (strong supply)
โซ Zone 3: 680 โ 700 (weekly wall, highest probability)
๐ด Stop-Loss: 710
(Hard invalidation โ no emotional holding)
๐ฏ Short Trade Targets
670
655
642
620
๐ Final Notes
Trade with proper position sizing
Avoid over-leverage
Follow the plan, not emotions
Market reaction at resistance will decide continuation or reversal
๐ Ready to Trade?
๐ Spot Trading:
$BCH ๐ Futures Trading: BCH/USDT
Stay disciplined. Trade smart. Risk management is everything. ๐ฐ๐
#BCH #Urgent #Market #update