📊 Market Analysis: BCH Take Profit
➤ Overview:
Based on the current daily price action, I have decided to take profit on BCH at this point. I will consider re-entering if a possible continuation pattern emerges.
➤ Monthly Chart Review:
The candlestick formation does not resemble a hammer.
BCH is not positioned at a strong support level, especially when compared to other coins like BAT.
➤ Risk Management:
Given these observations, I prefer not to take unnecessary risks at this time.
I will upload the three images for this analysis later, as the network is currently a bit unstable.
