🔴 $BCH Liquidated Long: $59.5K at $457.35
A significant liquidation just occurred, showing strong selling pressure around $457.35. Traders are reacting to this move, which might indicate a shift in momentum.
Support & Resistance Levels
Support: $450 (key zone to watch; a break below could lead to further downside).
Resistance: $470 (a strong push above this level may signal bullish recovery).
What’s Next?
If $BCH holds above $450: Look for potential bounce opportunities. Consider a small buy with a tight stop-loss just below support.
If BCH breaks below $450: Selling pressure could intensify. This may be a signal to short or wait for a lower entry point.
Strategy Suggestion
Monitor volume and price action near $450 for confirmation of direction.
Be cautious with leverage, as volatility can spike.
Stay alert and trade wisely!
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