【$BCH Signal】Long | 1H holds above EMA, 4H gathers strength for breakout

$BCH The 1H timeframe is strongly consolidating above EMA20 (557.5), with the price refusing to deepen the correction. The 4H timeframe has closed with consecutive bullish candles, holding above EMA50 (550.8), showing signs of gathering strength for an upward push. The current negative funding rate (-0.0022%) and stable open interest suggest potential short squeeze. The order book shows dominant buy-side depth (imbalance of 11.44%), indicating clear support from the main players.

🎯Direction: Long (Long)

🎯Entry/Order: 560.5 - 562.0 (Reason: Above the 1H EMA20 support zone, with dense trading activity in the order book )

🛑Stop Loss: 554.5 (Reason: Break below 1H EMA50 and previous hour’s low support )

🚀Target 1: 572.0 (Reason: Resistance at the previous high on the 4H timeframe )

🚀Target 2: 582.0 (Reason: Previous high zone on the daily chart, ATR 1.5x extension level )

🛡️Trade Management:

- Position Size Recommendation: Standard position (Reason: Multi-timeframe resonance, risk is controllable )

- Execution Strategy: After price reaches 572.0, reduce position by 50% and move stop loss to entry price. Hold the remaining position for the second target. If the price pulls back to 560.5 without breaking, consider adding to the position.

Order Book Logic: 1H RSI (56.53) is in a healthy bullish zone, with no overbought pressure. The 4H candlestick structure shows gradually rising lows, indicating an emerging bullish trend. Open interest (OI) remains stable, with a slight price increase, suggesting buying from new participants rather than short covering. The buy/sell depth ratio is 1.26, with strong support below, fueling the upward move.

View real-time market 👇 $BCH

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