【$BCH Signal】Pullback to add longs! 1H level shows decreasing volume with a retest, 4H support level is holding

$BCH The 1H timeframe is experiencing a decreasing volume retest of the key support area, with the price repeatedly testing near the 1-hour moving average. The 4H chart indicates that the price is supported at the lower end of the recent consolidation zone, and open interest remains stable without signs of panic selling. Currently, the order book shows significant buy depth, with selling pressure concentrated in a very narrow range, indicating strong support below. The 1-hour RSI is in a neutral to slightly weak zone, leaving room for a rebound and correction.

🎯Direction: Long

⚡Entry/Order: 442.5 - 447.0

🛑Stop Loss: 438.0

🚀Target 1: 455.0

🚀Target 2: 462.0

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Trail the remaining position for profit. If the price retraces and breaks below the moving stop loss, exit all positions.

(Depth Logic: The price is declining but open interest remains stable, suggesting it is not primarily a distribution by major players, possibly a shakeout of longs. At the 1-hour level, buy orders are accumulating near the key support, and the funding rate is negative, reducing the cost of holding long positions. On the 4-hour chart, the price remains within a recent rebound structure; as long as it does not break the previous low, the upward momentum may continue. )

View real-time market 👇 $BCH

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