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BCH

Bitcoin Cash long at $576 — targets up to $630 with tight stop

I am opening a long on Bitcoin Cash (BCH/USDT) at $576 on Binance, targeting a run to $630 with intermediate targets at $588, $598, $612 and $621.

I place a stop-loss at $555 and plan to use 5x–20x leverage; this is a directional, high-leverage trade that requires active risk management.

I will size the position conservatively, trim into strength, and exit if the stop is hit or price structure turns bearish.

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Analysis

The setup is bullish from $576 aiming for incremental upside to $630; near-term reward to the first target (~$588) is small vs. the stop, but higher targets offer a better risk/reward. High leverage (...

Recommendation

This is a buy for traders who accept high leverage and active management; use smaller position size or lower leverage if you prefer less risk, and honor the $555 stop-loss to limit downside.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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