BCH just took a sharp pullback after failing to hold the local highs and now it’s stabilizing around the $590–$585 area. Price is sitting near the short-term moving averages, showing hesitation but not panic, which tells me sellers are slowing down here. This zone is important because buyers already stepped in once from $575, and that demand is still fresh.
If $585 holds, we could see a clean bounce back toward the $600–$610 resistance zone where liquidity is waiting. A strong push above $600 would flip momentum back in favor of bulls. On the flip side, losing $585 opens the door for a deeper sweep toward $575 support again.
Volatility is active, emotions are high, and BCH is setting up for the next decisive move. Manage risk and stay sharp.
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$BCH /USDT
BCH just took a sharp pullback after failing to hold the local highs and now it’s stabilizing around the $590–$585 area. Price is sitting near the short-term moving averages, showing hesitation but not panic, which tells me sellers are slowing down here. This zone is important because buyers already stepped in once from $575, and that demand is still fresh.
If $585 holds, we could see a clean bounce back toward the $600–$610 resistance zone where liquidity is waiting. A strong push above $600 would flip momentum back in favor of bulls. On the flip side, losing $585 opens the door for a deeper sweep toward $575 support again.
Volatility is active, emotions are high, and BCH is setting up for the next decisive move. Manage risk and stay sharp.
Let’s go and Trade now $BCH #XMRBreakstoNewHighs