BCH has recently shown a significant abnormality in trading volume, with a 57.8% surge in 30-minute trading volume. The current price stands at 601.54 USDT. From a technical perspective, the key support level is at 595.0, with only 1.23% correction space from the current price, and there is also a support zone between 593.0-595.0 as a buffer.
This sharp increase in volume is usually a signal before a market trend begins. If you want to participate in this wave, you can place a buy order around 595.0, targeting the resistance level at 618.32. Of course, the market is ever-changing, so it’s important to develop a plan based on your own risk tolerance. Closely monitoring BCH’s trend development will be quite crucial next.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
5
Repost
Share
Comment
0/400
WalletsWatcher
· 17h ago
I've seen explosive trading volume many times, often as a signal before a big dump haha
Can it break 618 this time? I bet five bucks it won't break
Around 595 is indeed a good entry point, just worried it might be a false breakout
View OriginalReply0
GraphGuru
· 17h ago
The saying that trading volume surges is something I've heard too many times. Every time, they say it's about to take off, and what happens? It crashes even more.
---
Brothers who are accumulating around 595, see you at the casino.
---
Is this wave of BCH really going to rise? It feels like everyone's just harvesting the little guys lately.
---
To be honest, abnormal volume movements aren't necessarily a good sign; instead, be cautious of the main players offloading.
---
You're going to try precise positioning again, huh? I'll just watch without acting.
---
The 618 target level is too dreamy; let's first hold at 601.
---
Yes, closely monitoring, closely monitoring. The thing I fear most is the reverse trend following this phrase.
---
Should I go for it or not? That's the question.
View OriginalReply0
0xLuckbox
· 17h ago
The surge in trading volume... I can't wait any longer, so I just jumped in.
Buying the dip around 595? Ha, it's the same story again, every time it's like this.
Can BCH break 618 with this wave of movement? Honestly, I don't really believe it.
View OriginalReply0
OldLeekMaster
· 17h ago
The saying that trading volume has surged is a bit tiring to hear, isn't it just a false breakout again?
Can BCH really break through 618? I doubt it.
Order at 595? Are you trying to buy the dip or take over?
The sudden increase in volume is actually more dangerous; it feels like a crash is coming.
View OriginalReply0
governance_lurker
· 17h ago
A surge in trading volume reminds me—after the last such signal, it crashed directly. Be cautious, everyone.
BCH has recently shown a significant abnormality in trading volume, with a 57.8% surge in 30-minute trading volume. The current price stands at 601.54 USDT. From a technical perspective, the key support level is at 595.0, with only 1.23% correction space from the current price, and there is also a support zone between 593.0-595.0 as a buffer.
This sharp increase in volume is usually a signal before a market trend begins. If you want to participate in this wave, you can place a buy order around 595.0, targeting the resistance level at 618.32. Of course, the market is ever-changing, so it’s important to develop a plan based on your own risk tolerance. Closely monitoring BCH’s trend development will be quite crucial next.