#BCH /USDT Technical Analysis & Signal


The 1H and 4H charts show BCH rejecting the $490 resistance, creating a potential "Double Top" or localized "Lower High" on the 1H timeframe. While the 4H trend remains bullish (trading above MA30), a short-term retracement is likely before the next leg up.
trade Setup (Short-Term Retracement)
Entry Zone:$455.00 – $463.00 (Wait for a retest of the MA30 support on the 4H chart).
Stop Loss (SL): $445.00 (Below the recent swing low and MA10 support).
TP 1:$478.00 (Immediate resistance)
TP 2: $485.00 (Psychological level)
TP 3: $495.00 (Breakout target)

how to Get Entry
Wait for the current red candle on the 1H chart to find stability near the MA30 (Yellow line) around $463. For a safer entry, look for a bullish pin bar or engulfing candle at the $455-$458 support zone before going long.

Note: MACD is showing a slight bearish crossover on the 1H chart; ensure the RSI holds above 50 before entering.
How would you like to manage your risk for this trade—tight stop or wide trailing?
BCH2.2%
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