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Has anyone else noticed that $BCH is starting to look a little too quiet right now?
We just came off a pretty aggressive slide from those $550 highs and the price is currently sitting at $435.1. It feels like the sellers are finally running out of steam but the buyers aren't exactly rushing in yet either.
The $423 level is the main one I'm watching. We wicked down there recently and it held, but if we drop back to test it a third time, it might not be as strong. On the flip side, we have some local resistance building up around $458.
Volume is on the lower side today. Usually, when BCH gets this compressed, the move out of the range is pretty fast. I’m just waiting to see if we can get a solid daily close above $460 before I get interested in a long time.
Are you guys catching this dip or waiting for $400?
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