The BCH that missed the appointment last night is back👊🏻
Yesterday it was 4 points short, resulting in missing out on more than 20 points of profit. Today, we continue to track it; after briefly touching 493, it quickly fell back to around 480, establishing a significant sell order above. This position is also very crucial; if it breaks above 500, we basically have to look at the market from last December, as prices haven't been this high in the past six months. Meanwhile, the Bollinger Bands are wide open, about to touch the upper band, and it completely aligns with the KDJ indicator, so we are setting up short positions here.
To prevent it from bouncing back, we can try a short position for the first order and then add between 484~488. This way, we can pull an average price, targeting straight down to 460~465$BCH