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$BCH / USDT — Counter-Trend Bounce Watch (1H)
$BCH is firmly in a downtrend, but conditions are starting to look oversold, suggesting a potential short-term relief bounce. This is a cautious counter-trend long, not a blind dip buy—confirmation matters.
Market Read:
Volume: Recent sell-off candles printed heavy volume (~79K), signaling possible capitulation as sellers dump aggressively.
Flows:
Short-term (5m–1H): Positive inflows, hinting at early dip buyers stepping in
Higher TF (4H–24H): Perp outflows, trend pressure still bearish
Trade Idea (Aggressive Long):
Entry Zone: 620 – 625 USDT
⚠️ Wait for 5m reversal confirmation (structure shift / strong bullish close)
Stop-Loss: 600 USDT
~3.7% risk, keep it tight
Targets:
🎯 TP1: 655 USDT
🎯 TP2: 665 USDT
Potential upside: ~5–7% if bounce plays out
Bias:
Short-term relief bounce possible, but higher timeframe trend remains bearish. Trade light, manage risk, and don’t overstay.
Are you buying the dip or sitting this one out?
#BCH #BCHUSDT #BitcoinCash