BCH still has a bullish outlook. From a technical perspective, the price stabilized after rebounding from the 24-hour low of 608.24. On the 4-hour chart, the RSI is currently at 48.84, indicating a neutral to slightly weak position. Although the SAR indicator faces resistance around 636.82 and the MACD shows a green histogram, a closer look reveals that the bearish momentum is actually waning — which often signals a rebound.
My operational suggestion is to enter with a small position, with a stop-loss placed just below 605.50 to limit risk. Take profit in two stages: first target the 628.80 level, and if that is successfully broken, then look at 642.50. The key is to strictly follow the plan, avoiding greed and hesitation.
A reminder: leverage and volatility in crypto derivatives are significant, so everyone should operate according to their own risk tolerance.
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GateUser-e87b21ee
· 5h ago
The bearish momentum is waning, and this signal is somewhat meaningful. Entering with a small position won't result in too much loss.
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NervousFingers
· 13h ago
Has 608 stabilized there? I can't tell, it still feels like it's testing repeatedly.
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AmateurDAOWatcher
· 13h ago
I agree that the bearish momentum is weakening, but can it really break through from 628 to 642? The previous two times, it got stuck at 636.
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ShibaMillionairen't
· 13h ago
The short-term momentum is fading. This move can really be followed. Light positions with a stop loss at 605 won't incur losses.
BCH still has a bullish outlook. From a technical perspective, the price stabilized after rebounding from the 24-hour low of 608.24. On the 4-hour chart, the RSI is currently at 48.84, indicating a neutral to slightly weak position. Although the SAR indicator faces resistance around 636.82 and the MACD shows a green histogram, a closer look reveals that the bearish momentum is actually waning — which often signals a rebound.
My operational suggestion is to enter with a small position, with a stop-loss placed just below 605.50 to limit risk. Take profit in two stages: first target the 628.80 level, and if that is successfully broken, then look at 642.50. The key is to strictly follow the plan, avoiding greed and hesitation.
A reminder: leverage and volatility in crypto derivatives are significant, so everyone should operate according to their own risk tolerance.