#BCH Update #2 – July 18, 2025
Bitcoin Cash completed a correction after its previous impulsive move, but within that correction, a secondary retracement occurred. This brought the price down to the edge of the 200 MA zone. The MA200 acted as strong support and triggered a reaction.
Despite experiencing another minor pullback, the current structure still appears favorable for Long entries. As shown in the chart, a Long position is already open. I haven’t set a stop-loss because I have enough capital to average down if needed.
For those looking to enter, this could be a good opportunity.
Bitcoin Cash completed a correction after its previous impulsive move, but within that correction, a secondary retracement occurred. This brought the price down to the edge of the 200 MA zone. The MA200 acted as strong support and triggered a reaction.
Despite experiencing another minor pullback, the current structure still appears favorable for Long entries. As shown in the chart, a Long position is already open. I haven’t set a stop-loss because I have enough capital to average down if needed.
For those looking to enter, this could be a good opportunity.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.