Market Analysis: Possible Retracement for BCH
Based on the 12-hour chart pattern and the possible formation of a harmonic pattern, there is a likelihood of a retracement in BCH before any potential continuation of the trend.
Trade Recommendation:
Action: Sell
Stop Loss: $386.25
Take Profit: $321.00
Note: Always trade with caution and apply proper risk management. Regardless of experience or strategy, both winning and losing trades are inevitable. However, consistent risk management keeps you positioned for long-term success.