$BCH Overview
#BTHUSDT is trading around 567.6 USDT, showing strong bullish momentum with an approximate +8% move. Price has recently broken above consolidation and is trading near local resistance.
Step 1: Trend Analysis (Supertrend)
The Supertrend indicator has flipped bullish and is currently around 531 USDT, acting as dynamic support.
✔ Price is trading above Supertrend
✔ Trend structure: Higher highs & higher lows
✔ Momentum expansion phase
➡ Bias: Bullish
Step 2: Volume Analysis
Recent breakout is supported by increasing green volume bars.
This confirms real buying pressure, not a fake breakout.
✔ Volume expansion = Strength confirmation
Step 3: MACD Analysis
MACD line above Signal line
Histogram expanding positive
✔ Bullish crossover confirmed
✔ Momentum accelerating
Step 4: RSI Analysis
RSI(6) ≈ 88
⚠ This is heavily overbought territory.
Short-term pullback is possible before continuation.
Step 5: Key Levels
Resistance Levels:
570 USDT (Immediate resistance)
582 USDT (Next breakout level)
Support Levels:
548 USDT
531 USDT (Supertrend support)
515 USDT (Major support)
🎯 Trade Setup – BCH/USDT
📌 Conservative Entry (Pullback Strategy)
Entry: 545 – 550 USDT
Stop Loss: 525 USDT
Take Profit 1: 582 USDT
Take Profit 2: 600 USDT
Take Profit 3: 620 USDT
Risk/Reward: ~1:2.5 to 1:3
📌 Breakout Entry
Entry: 575+ candle close
Stop Loss: 548 USDT
Take Profit 1: 600 USDT
Take Profit 2: 630 USDT
🔥 Final Market Summary
#BCHUSDT :
Strong bullish breakout but short-term overbought.
Best strategy: Wait for pullback or confirmed breakout close.
#Bitconcash #MarketAnalysis #StrongerTogether $BCH