$BCH Liquidation Reference: $292.71 (Short Liquidation: $2.0598K)
Entry Zone: $291.00 – $294.00
Stop Loss: $285.50
Take Profit Targets:
- TP1: $300.00
- TP2: $307.00
- TP3: $315.00
Market Analysis:
BCH experienced short liquidations near $292.71, indicating that some bearish positions were forced to close. This can support further upside if buyers maintain control. The $291–$294 region is the proposed entry area, while $300 represents the first important psychological resistance. A confirmed breakout with increasing volume could open the way toward higher targets.
Invalidation: A sustained move below $285.50 would invalidate the long setup.
Risk Management: Wait for a confirmed bullish reaction, avoid overleveraging, and consider securing partial profits at each target.
