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BCH Short Strategy Summary (Current Price ~$360 Assuming):
* Objective: To profit from the decline in BCH price.
* Entry Point:
* Just below the $370 resistance level (e.g. $368.5 or $367).
* The close of the first significant bearish candle from $370.
* Wait for a few closing confirmations below $370 (for a safer entry).
* Take-Profit:
* Next significant support level (e.g. $345).
* Short-term target (e.g. $350-$355).
* Stop-Loss:
* Above the entry point, slightly above the $370 resistance (e.g. $371 or $371.5).
* Position Size: Should be determined according to your risk tolerance, not exceeding 1-2% of your account balance.
* Leverage: Should be used with caution as it involves high risk.
* Specific to Gate.io:
* Check BCH/USDT liquidity.
* Consider transaction commissions.
* (For futures) Follow funding rates.