BCH/USDT, here is an analysis of the key levels and potential trading strategy💦
Key Levels:
Current Price: 436.5 USDT
24h High: 450.7 USDT
24h Low: 408.0 USDT
Support Level: 418.2 USDT (recent low, indicating support).
Resistance Level: 450.7 USDT (recent high, acting as resistance).
Target Levels:
First Target: 450.7 USDT – This is the immediate resistance level. If BCH can break above this, it could target the next resistance levels.
Second Target: 453.1 USDT – A higher resistance level if BCH continues to rise after breaking through the first target.
Stop-Loss Level:
Stop-Loss: 418.2 USDT – Placing the stop just below the recent support level to limit potential losses if the price reverses.
Trend Analysis:
Price Change: +5.79% in the last 24 hours.
Volume: Relatively high trading volume with 92.64M USDT traded in the last 24 hours, suggesting strong market interest.
If BCH breaks above 450.
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