BCH/USDT It shows reject potential will revisit the support area

💎 Paradisers, #BCH is indeed a coin worth monitoring closely.

💎 It appears that BCH faced rejection at the resistance level after attempting to break out. Based on current price action, there's potential for BCH to retest the support area around 445. If this scenario plays out, we might witness a bounce from this support level, with BCH resuming its upward trajectory and attempting to break above the resistance at 493.

💎 A successful breakout above 493 could pave the way for BCH to target the 530 area, which serves as the next significant resistance level. Breaking through this level would be crucial for BCH to sustain its upward movement and potentially reach our target supply zone area.

💎 However, if BCH fails to bounce from the support area and even breaks below it, the next target would be the support trendline. This level is critical as it represents a key support level that BCH needs to bounce from to maintain a bullish outlook.

💎 If BCH also breaks below the support trendline, there's still one more opportunity for support at the Bullish OB area around 405 - 390. A successful bounce from this area, accompanied by a reclaim of the support level, could signal a bullish momentum shift for BCH.

💎 On the contrary, if BCH breaks below the Bullish OB area, it would confirm bearish sentiment, and the bullish invalidation would be valid. In this scenario, we could expect BCH to continue its downward trajectory, potentially experiencing further dips.

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