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kitkat16
Sep 1, 2021 9:46 PM

BCH USDT. Time to pump this thang to $1000+ Long

Bitcoin Cash / TetherUS PERPETUAL CONTRACTBinance

Description

Whenever you see this consolidation below the 0.25 it's time to get ready. This has found support on that $600 area which is a great SL placement.
BCH has already tried to break through this 0.25 resistance 2 or 3 times (where arrows are), and the volume coming in, combined with current bullish market setniment on all shitcoins suggests that it's going to push through.

For now, target is the 0.5 of the range for a full take profit which is about 50-60% profit.
Expect a consolidation between the 0.25 and 0.50 before move up to top of range in most cases.
Stop loss is the $600 support.
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