🔥 $BCH is in a solid downtrend right now, but it’s starting to look oversold—maybe time for a breather?
1-Hour Trading Bias: I’m cautiously leaning long as a counter-trend bet, but don’t go all in blindly.
Volume: The latest candles during the drop show strong volume (~79K), which could signal capitulation—sellers dumping hard, possibly hitting a bottom.
Flows: Mixed signals. Short-term (5m–1H) inflows are positive, but zoom out to 4H–24H and perpetual contracts show outflows—not ideal.
Entry (Long $BCH ): Around 620–625 USDT, but wait for a 5-minute chart reversal to confirm.
Stop Loss: 600 USDT (~3.7% risk). Keep it tight.
Targets: 655–665 USDT, potentially a 5–7% gain if it bounces.
Are you guys buying the dip or staying out?
