Technical analysis by sinaaf about Symbol BCH: Buy recommendation (1/3/2025)

Currently, Bitcoin Cash is showing a bullish momentum with a breakout attempt above the $478.1 resistance zone. I have set a stop buy order slightly above this level to open a trade, as confirmation of the breakout could lead to further upward movement.Key Levels:Resistance 1: $478.1 (Breakout Zone)Resistance 2: $530.2Support 1: $454.1Support 2: $413.1Trade Setup:Entry: Stop Buy at $480.3Take Profit: $530.2Stop Loss: $454.1The RSI on the 4-hour timeframe is at 66.19, indicating momentum is shifting towards overbought but still has room for further growth.If the breakout fails and the price falls below $478.1, I will reassess for potential downside opportunities. Let’s see how this plays out!