Bitcoin Cash BCHUSDT Rockets to TP1! Remaining Targets on Watch!

2024年10月24日

Technical Analysis:

On the 15-minute timeframe, Bitcoin Cash (BCHUSDT) has successfully hit TP1 in a long trade setup, showing strong bullish momentum. The price has moved above the Risological dotted trendline, signaling an upward breakout.

Key Levels:

• Entry: 350.85
  
• Stop Loss (SL): 344.45
  
• Target 1 (TP1): 358.80 (Done)
  
• Target 2 (TP2): 371.60 (Pending)
  
• Target 3 (TP3): 384.40 (Pending)
  
• Target 4 (TP4): 392.30 (Pending)
  

Observations:

• The price made a steady climb after breaking through the entry level, driven by positive market sentiment.
  
• Risological dotted trendline acted as support, boosting confidence for long positions
  

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With TP1 successfully completed, Bitcoin Cash is now aiming for higher targets. Keep an eye on price action as it approaches TP2 and beyond, as the bullish trend looks likely to continue.