BCH

BCH found support at $524 after breaking below a channel and the neckline of a head-and-shoulders pattern, rebounding with a 7.26% surge yesterday, closing at $584.7. As of writing, it is trading around $585.

The recent rally lacks significant volume increase, and the closing price coincides with the Fibonacci 0.5 level and a high-volume zone, suggesting a normal retest of overhead resistance. Investors may consider shorting at this point, with entry prices between $580 and $590. Take-profit targets can be set at $524, $494, and $470. Stop-loss should be placed above the previous high of $608.1.

Reference Levels:

• Direction: Short

• Entry: $585 (market price) / $580 - $590

• Take Profit: $524 / $494 / $470

• Stop Loss: $608.1

PNUT

PNUT has been gradually declining since peaking at $3.405 on July 20, finding support at $0.1878 on September 1 and rebounding to around the lower edge of a descending wedge and a support zone. As of writing, it is trading around $0.207.

As the price approaches the wedge’s endpoint, investors can consider buying spot for mid-to-long-term holding or entering a long position. Entry prices should be between $0.19 and $0.215. Take-profit target is set at $0.34, with a stop-loss below the previous low of $0.1814.

Reference Levels:

• Direction: Long

• Entry: $0.207 (market price) / $0.19 - $0.215

• Take Profit: $0.34

• Stop Loss: $0.1814

POL

POL recently broke out of a triangle pattern, forming a flag pattern, indicating potential trend continuation. After breaking above the flag on August 31, it faced resistance at $0.295, pulled back, and found support again at $0.27, rebounding. As of writing, it is trading around $0.289.

The price has not yet surpassed the previous high of $0.295 and may retest support. Investors can place buy orders between $0.27 and $0.276 for a long position. Take-profit targets are set at $0.295, $0.303, and $0.327. Stop-loss can be set based on individual risk tolerance, between $0.253 and $0.247.

Reference Levels:

• Direction: Long

• Entry: $0.27 - $0.276

• Take Profit: $0.295 / $0.303 / $0.327

• Stop Loss: $0.253 - $0.247

Disclaimer: None of the information contained here constitutes an offer (or solicitation of an offer) to buy or sell any currency, product or financial instrument, to make any investment, or to participate in any particular trading strategy.