#BCHUSDT

▪️ Trade: Buy limit order
▪️ Entry: 229
▪️ Take profit: Open
▪️ Stop loss: 200.6
▪️ Valid until: Canceled
Market outlook:
Today we’re looking at a long setup in Bitcoin Cash (BCH) .
Price declined after retesting key resistance at 307 . During the selloff, a substantial order block of more than 932 contracts formed below current price. This is an unusual formation and, in our analysis, suggests buyers are stepping in. With downside momentum potentially running out, we’re watching for a long entry.
The fundamental case includes BCH futures trading on CME since October , giving institutional participants a regulated way to gain exposure. A proposed network upgrade would shorten block times from 10 minutes to one , with the next discussion stage scheduled for November 15 .
Meanwhile, last week’s decline followed the broader crypto selloff, rather than negative news specific to BCH. That supports our case for a potential recovery if market sentiment improves.
We’re watching two scenarios. Price could first make a deeper liquidity sweep toward key support at 221.5 , then rebound. Alternatively, it could rally immediately, establish itself above 249.7 , and begin a short-term upward move.
Our buy limit is set at 229 , above the key support level to improve the chance of getting filled.
We’re also setting an alert at 249.7 . If price breaks and holds above that level before reaching our limit order, a successful retest could offer an alternative long entry.
Today’s U.S. inflation report at 16:30 Moscow time (13:30 UTC) could trigger a sharp move and fill the pending order.
Risk management:
For the limit-order setup, the stop loss is set at 200.6 , below key support at 207 . This leaves room for a false breakdown while defining the trade’s initial risk.
Targets:
The first objective for either entry scenario is 280.6 , with relatively little technical resistance identified before that level. There, we will take partial profits and move the stop to breakeven .
The next objective is 307 . This resistance has already been tested several times, so a sustained breakout could open the way higher. We’re leaving the take profit open and will manage the position as the structure develops.
BCH can deliver substantial volatility. The last time price approached 221 , it subsequently rallied around 65% without leverage .
On a broader recovery, 400 is a potential extended target, where substantial limit sell orders and profit-taking orders are concentrated. From our 229 entry, that would represent approximately 75% upside without leverage . Reaching it would depend on the nearer resistance levels giving way.
The limit order remains active until canceled. Once filled, we’ll provide position updates. The setup meets our trading system’s criteria.
Wishing everyone profitable trading and a successful session 🤝
Trade updates: https://t.me/addlist/1tRFE2bSkE04MWNi