BCH has recently shown a significant abnormality in trading volume, with a 30-minute trading volume increase of up to 199.6%. The current price is at 600.77 USDT.
From a technical perspective, the key support level on the 1-hour basis is at 598.28, only 0.11% away from the current price. A broader support zone is distributed between 590.33 and 598.28. This area is close to the support and can be focused on.
From a trading strategy perspective, placing a buy order around 598.28 is one approach. The take-profit target can be set at the resistance level of 619.47. This price difference provides ample room for operation.
A sharp increase in volume often signals the start of a trend. Once the trading volume increases significantly, the subsequent movement is usually not very calm. It is recommended to closely monitor BCH's subsequent performance, especially whether it can be effectively supported at the support level.
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SmartContractPlumber
· 7h ago
Trading volume skyrocketed by 199.6%. This data is like a certain permission control vulnerability being suddenly triggered; something is definitely going to explode next. If the 598 line can't hold, the entire defense line will be doomed.
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EthMaximalist
· 7h ago
The trading volume is so strong, it's interesting. Could it be about to take off?
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OnChainSleuth
· 7h ago
Signals like doubling trading volume, 99% are about to move, it just depends on whether it goes up or down.
BCH has recently shown a significant abnormality in trading volume, with a 30-minute trading volume increase of up to 199.6%. The current price is at 600.77 USDT.
From a technical perspective, the key support level on the 1-hour basis is at 598.28, only 0.11% away from the current price. A broader support zone is distributed between 590.33 and 598.28. This area is close to the support and can be focused on.
From a trading strategy perspective, placing a buy order around 598.28 is one approach. The take-profit target can be set at the resistance level of 619.47. This price difference provides ample room for operation.
A sharp increase in volume often signals the start of a trend. Once the trading volume increases significantly, the subsequent movement is usually not very calm. It is recommended to closely monitor BCH's subsequent performance, especially whether it can be effectively supported at the support level.