BCH | Long-Term Bullish Structure

Bitcoin Cash presents an attractive long-term bullish structure with multiple technical confluences suggesting higher prices ahead. The patient approach of waiting for the VWAP retest provides optimal entry conditions for this long-term bullish thesis, rather than chasing current elevated prices.

Technical Analysis:
Strong support zone holding at $303.62 with multiple successful tests
365-day VWAP trending upward around $400-420, acting as dynamic support
Descending resistance from previous highs being challenged

Entry Strategy:
Traders should wait for a pullback to the 365-day VWAP ($400-420 zone) before entering long
positions.

This approach offers:
Better risk/reward ratio
Clear stop placement below major support at $300
Entry at a proven dynamic support level

Key Levels:
Entry: $400-420 (VWAP pullback)
Stop: Below $300 support
Target: Above descending trendline toward $600+