$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.

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