【$BCH Signal】Pullback to accumulate for rebound, 1H RSI divergence forming

$BCH The 1H timeframe is building a base around 460, with RSI(1H) showing divergence at the bottom. The price is declining but momentum is weakening. Although the 4H timeframe is in a downtrend channel, open interest remains stable, with no signs of major selling by the main players. The current price is approaching a strong support zone, indicating a technical rebound possibility.

🎯Direction: Long (Long)

⚡Entry/Order: 461.5 - 463.0

🛑Stop Loss: 454.7

🚀Target 1: 472.0

🚀Target 2: 480.0

🛡️Trade Management:

- Position suggestion: Light position

- Execution strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry point. Hold remaining position to aim for Target 2. If the price consolidates in the entry zone for over 4 hours without showing signs of upward movement, consider closing the position.

Deep logic: Price has fallen over 6% from the high of 491, but open interest remains stable, indicating the decline is more profit-taking rather than main force dumping. The 1H RSI(35.11) is near oversold levels and shows divergence at the bottom. Bid-ask depth ratio (bid_ask_ratio_depth: 0.87) indicates decent support below. The 4H zone between 460-455 is a previous dense trading area with strong support. Combined with negative funding rates and stable holdings, there is a potential for a short squeeze rebound.

View real-time market 👇 $BCH

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