BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
#BCH UPDATE

The most logical option for $BCH right now is to go lower for correction. However, the price is currently located right above the strong triple claster support. The whole mentioned zone can be considered as the profitable for entering LONG position.

But if you are a trader, not a holder, you should enter the position only after confirmed breakout of the falling wedge, or at the $256 or at the $248.6 levels. Stop Loss should be placed at the $245 level.
Comment:
#BCH chose the $262 support level to rebound, I was a good entry from there which give us +7 % ROE and waiting to see it reaching the $297 resistance level.

#DYOR

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