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$BCH Is Sitting Tight A Big Move Could Be Brewing!
Bitcoin Cash (
$BCH ) is stuck in a tight $559–$577 range, trading flat at $567.5. Consolidation is showing indecision, and volume is moderate — meaning the next breakout could trigger a strong directional move. Here’s how to trade it smart:
Trade Setup:
Scenario A — Breakout Long
Buy Zone: $573.0 – $578.0 after candle closes above $577
Stop Loss: $565.0
Targets: $585 → $592 → $600
Scenario B — Breakdown Short
Sell Zone: $558.0 – $555.0 after candle closes below $559
Stop Loss: $568.0
Targets: $550 → $544 → $538
Scenario C — Range Bounce (Conservative)
Buy Zone: $560.0 – $563.0 near 24h Low support
Stop Loss: $556.0
Targets: $572 → $576
Trader Notes:
Watch volume carefully — spikes confirm real breakouts or bounces.
Key levels: Support $559 / Resistance $577. Psychological levels at $580 and $600 matter.
Avoid chasing fakeouts — wait for candle confirmation or retest of breakout levels.
BCH often mirrors Bitcoin — check BTC strength to bias your trade.
⚠️ Consolidation breakouts can be fast and volatile. Use tight stops and secure profits along the way.
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