📈 BCH/USDT Technical Analysis: Key Levels and Entry Strategy
1. Support and Resistance Levels:
Support: The $350 zone acts as strong support, where buyers have historically stepped in.
Resistance: The $360 level is a key resistance, limiting price movement.
2. Current Price: BCH/USDT is currently trading at $355, showing a 1.87% increase in the last 24 hours.
3. Previous Price: Yesterday, BCH/USDT closed at $355.1.
4. Entry Strategy:
Buy Entry: Consider buying if BCH/USDT breaks above $360 convincingly, targeting $380.
Stop Loss: Set a stop loss just below $350 to manage risk.
🚀 Remember, technical analysis complements other factors like news and market sentiment. Happy trading! 💡
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