$BCH Liquidated Short: $61.6K at $540.20
A big move in #BCH today! A $61.6K short position was liquidated as the price hit $540.20.
The bulls just took control, forcing a sharp move higher and catching shorts off guard.
What’s next for #BCH ? This surge could be the start of a larger bullish trend.
With short liquidations adding fuel to the rally, #BCH may aim for higher levels. Key levels to monitor:
• $530 support: A crucial level that could act as a strong base for further gains.
• $550 resistance: Breaking above this could open the door to a rally toward $600.
Next move?
If $BCH holds above $530, look for buying opportunities with a target at $550.
Watch for a clean breakout before entering, as there may be some volatility in the short term.
Be patient, stay disciplined, and trade with caution!