# 🚀 $BCH Long

Direction: Going long on $BCH, panic bottom fishing for a rebound
Core logic:
- A single-day drop of -10.93% indicates panic selling, often driven by liquidity grabbing rather than a true breakdown
- After a sharp decline, trading volume surges, then stabilizes, indicating a period of silence before the storm and a potential reversal
- Whale funds show signs of active accumulation, suggesting the price may enter a recovery phase
Key observations:
- Support zone: 470–450
- Confidence reversal zone: Reclaiming above 500–510
- Pattern: Sideways consolidation after selling, forming higher lows and higher highs
Trading strategy:
- Entry: 455–475
- Target: 510 → 560
- Stop loss: 438