【$BCH Signal】1H Pullback Confirmation, Sniping EMA20 Support for Rebound

$BCH The 1H timeframe experienced a volume surge last night and is now in the pullback confirmation stage. The price found initial support near the 1H EMA20 (564.9), and the 4H level has stabilized above the EMA50 (555.4), indicating a shift from weak to strong overall structure. The current negative funding rate and stable open interest (OI) suggest limited bearish pressure; a pullback presents a buying opportunity.

🎯Direction: Long (Long)

🎯Entry/Order: 565.0 - 567.0 (Reason: 1H EMA20 support zone, confirmed after breakout yesterday)

🛑Stop Loss: 558.0 (Reason: Break below 4H EMA50 and previous low at 559.0, structure broken)

🚀Target 1: 576.0 (Reason: 4H previous high resistance level)

🚀Target 2: 585.0 (Reason: 1.618 Fibonacci extension level)

🛡️Trade Management:

- Position Size Suggestion: Light (Reason: Moderate resonance between 1H and 4H trends, waiting for stronger signals)

- Execution Strategy: After entering, if the price quickly rises to Target 1, reduce position by 50% and move stop-loss to entry price. Hold remaining position for Target 2. If the price hovers in the entry zone for more than 4 one-hour candles without triggering, consider exiting early.

Deep Logic: The 1H RSI (55.7) is in a healthy correction zone, not overbought. Market depth shows buy orders (bids) significantly thicker than sell orders (asks), with an imbalance rate of 52.83%, indicating strong support below. The 4-hour buy/sell ratio has risen to 0.55 in the latest bullish candle, showing main force buying. Combined with the negative funding rate, short covering may push the next rally.

View real-time market 👇 $BCH

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