$BCH LONG TRADE IDEA
Updated
I think its safe to say that Bitcoin Cash found bottom at $213, you can see it's kept continuously laddering up since the drop. Accumulation zone between $213-$222 was a GOATED buy-in price.
Yesterday BCH saw a 1st touch rejection off of our $246 TP level as expected, 95% of the time the price gets rejected off of hitting resistance so nothing to worry yet about a pullback, the bullish bias still stands.
Bitcoin Cash still looks like it's on it's way to close out the valley it's currently in and here are my current TP's as follows
🎯 TP1 $246
🎯 TP2 $252
🎯 TP3 $267
As always please do your own research, I am not a financial advisor.
Yesterday BCH saw a 1st touch rejection off of our $246 TP level as expected, 95% of the time the price gets rejected off of hitting resistance so nothing to worry yet about a pullback, the bullish bias still stands.
Bitcoin Cash still looks like it's on it's way to close out the valley it's currently in and here are my current TP's as follows
🎯 TP1 $246
🎯 TP2 $252
🎯 TP3 $267
As always please do your own research, I am not a financial advisor.
Trade closed: target reached
All TP's hit, trade closed
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