$BCH A long liquidation of $58.162K at $448.1suggests that many traders expected BCH to rise but faced unexpected price pressure.
This indicates a strong resistance level around $447-$450, where selling pressure is high.
BCH may see a temporary pullback or consolidation before resuming its next move.
Key Levels to Watch.
Buy Zone.
$430 - $440:
This is a strong support zone where BCH might stabilize. Accumulation here could lead to a bounce.
Target Levels (Profit Goals):
1. Target 1: $460 (Short-term)
2. Target 2: $480 (Mid-term)
3. Target 3: $500+ Long-term if bullish momentum continues.
Stop-Loss For Risk Management.
Place your stop-loss at $425 to minimize potential losses if the price falls below the key support.
Next Moves for Traders.
1. Wait for Confirmation:
Watch the price action around $430-$440 to confirm buying interest.
2. Monitor Volume:
Increased trading volume near support signals a potential rebound.
3. Manage Risk:
Stick to your stop-loss and avoid over-leveraging. BCH is volatile.
4. Watch Resistance Levels:
If BCH struggles to break $447-$450, it may revisit lower levels.
#BCH/USDT #Crypto2025Trends #MarketRebound #GrayscaleHorizenTrust #XmasCryptoMiracles