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.
BCH2.37%
JST-1.47%
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JT1982vip
· 04-24 20:58
Short or long. With what leverage?
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Selim_sarivip
· 04-24 18:18
Buy To Earn 💎
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ElizabethAldivip
· 04-24 18:16
Ape In 🚀
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Hakumhansvip
· 04-24 18:15
HODL Tight 💪
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Muzrafa61vip
· 04-24 18:13
Ape In 🚀
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GateUser-68291371vip
· 04-24 10:54
Jump in 🚀
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Selim_sarivip
· 04-24 10:15
Ape In 🚀
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ElizabethAldivip
· 04-24 10:14
I prefer spotlight.🙏🚀
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Hakumhansvip
· 04-24 10:11
My favorite coins
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Muzrafa61vip
· 04-24 10:08
Buy To Earn 💎
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