【$BCH Signal】Bull-Bear Battle, 1H Level to Choose Direction Soon

$BCH The 1H level is oscillating narrowly around EMA20 (556.85), with prices compressed between 555-560, about to choose a direction. The 4H level remains in a consolidation range of 550-566, with stable open interest and no signs of panic selling. Current prices are declining but OI remains stable, indicating it’s not main force offloading but a tug-of-war between bulls and bears. The 1H RSI is neutral, waiting for a catalyst.

🎯Direction: Watch and wait(Pending orders)

⚡Order Strategy:

1. Breakout Long Entry: If the price stabilizes above 560.50 (Reason: Breaks through the 1H oscillation upper boundary and EMA20 resistance), it signals short-term momentum initiation.

2. Pullback Long Entry: If the price retraces to 551.00 (Reason: Resonance zone of previous 4H support and EMA50), it’s a low-entry opportunity.

🛑Stop Loss:

- Breakout Order: 554.00 (Reason: Break below the breakout point and previous 1H low).

- Pullback Order: 547.00 (Reason: Break below key 4H support, structure broken).

🚀Target 1:

- Breakout Order: 568.00 (Reason: Resistance at the upper boundary of the 4H box).

- Pullback Order: 560.00 (Reason: Upper boundary of the 1H oscillation range).

🚀Target 2:

- Breakout Order: 575.00 (Reason: Near the previous high on the daily chart).

- Pullback Order: 568.00 (Reason: Upper boundary of the 4H box).

🛡️Trading Management:

- Position Suggestion: Light position (Reason: Direction unclear, preemptive positioning).

- Execution Strategy: Two sets of pending orders are mutually exclusive, only one executes. After execution, upon reaching Target 1, reduce position by 50%, and move the remaining stop loss to entry price. If the price cannot quickly move away from the cost area, consider closing at breakeven.

Deep Logic: Market logic indicates prices are falling but OI remains stable, which is usually not a sign of main force offloading but more like clearing out floating positions. The depth of buy orders on the 1H level is decent, with the latest 1H candle buy ratio reaching 60%, showing support below. The 4H EMA50 (537.58) is still rising, and the medium-term trend remains intact. The key is whether volume can break through the short-term resistance zone at 560-562. In a negative rate environment, bears face the risk of being squeezed.

Trade here 👇 $BCH

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