BCH/USDT Could BCH Break the key resistance or will be rejected?

BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
πŸ’ŽBCH has recently demonstrated significant market dynamics, currently facing a key resistance area.

πŸ’Ž A successful breakout above this resistance could lead to a significant upward movement, probability reaching our target area.

πŸ’Ž However, if BCH fails to break this key resistance level, it may face rejection and retreat towards the demand area around $289. This retracement could serve as an opportunity to build new momentum.

πŸ’Ž If BCH fails to bounce from the demand area and attempts to break the resistance again, it could indicate weakness. In such a scenario, there is a possibility of a breakdown, with BCH returning to test the support of the ascending channel, and potentially moving even lower.

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