🚹📊 BCHUSDT Trading Signal 📊

đŸ”„ Pair: BCH/USDT

⏳ Timeframe: 12h

🚀 Buy Signal 🚀

📍 Entry Price: $326

🎯 Take Profit (TP) Targets:

‱ TP1: $387 (+18.7%)

‱ TP2: $444 (+36.2%)

‱ TP3: $514 (+57.7%)

🛑 Stop Loss (SL): $264 (19% loss)

📈 Technical Analysis:

‱ Descending channel breakout on the horizon

‱ Bounce off lower channel limit at $294

‱ RSI is trending upwards, showing breakout potential

‱ Price stabilizing above the 100MA

📊 Current Data:

‱ Price: $326

‱ 24h Change: +2.5%

‱ Market Cap: $6.43B

‱ Trading Volume: $1.23B

‱ RSI (14): 54.2

‱ MACD (12, 26): 0.012

‱ 50MA: $304

‱ 200MA: $274

🔍 Highlighted Research:

‱ Social Sentiment: 70% bullish 🚀

‱ Bitcoin Cash Hash Rate: 2.35 EH/s (on the rise) 📈

‱ Active Addresses: 33.6k (steady)

🔑 Fundamental Insights:

‱ Scalability and low fees make Bitcoin Cash a favorite in e-commerce & DeFi

‱ Continued adoption and upcoming upgrades fueling growth!

💡 Recommendation:

Buy BCH/USDT at $326, set Take Profit at $387, $444, and $514. Set Stop Loss at $264.

⚖ Risk Management:

‱ Risk/Reward Ratio: 1:3

‱ Position Size: 2-3% of your portfolio

⚠ Disclaimer: DYOR and NFA!

$BCH

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