DrunkenInkDiscussion

Continuing from the previous text
The BCH bulls successfully initiated a rebound near the 630 USD support level on the 1-hour chart and continued to make new highs, but since the move was on a five-minute segment and the support was not maintained, the 1-hour rebound logic has already played out. From a Chan theory perspective, a 30-minute correction is inevitable.
What needs to be watched now is the 2-hour support. Today, the price is around 635 USD. Given that altcoins tend to expand their correction levels, the support here should be assessed based on the five-minute structure of the correction from 669 to determine whether the 30-minute correction is complete or if it is just a segment of a five-minute rebound.
My trading plan is to wait for a test of the 4-hour support level (620-625 USD) before considering re-entry. I have abandoned participation at the 2-hour support level.

BCH is currently backing on the 30-minute chart and is pulling back. The upper boundary of the central zone is at $597.3. If the bulls want the trend to continue, then the 3-buy signal on the 30-minute chart must be confirmed.
A healthy pullback typically occurs within the black box, in the 620-640 USD range.
More specifically, you can refer to the 1-hour and 2-hour supports at $630 and $622 respectively.
For those trading long-term spot positions, $597.3 can be used as a trailing stop-loss level.

UNI's recent trend has been very boring.
A narrow 30-minute central oscillation, with a medium-term bearish signal, moving sideways without direction.
However, considering the current market sentiment and its structural characteristics, I personally believe that the probability of an upward move is higher.
From a oscillation perspective, the take-profit level is at 6.1-6.16.
From a breakout perspective, the take-profit level is at the new high of 6.567, with a stop-loss at the lower boundary of the central oscillation at 5.72.