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SWAMI09
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BCH/USDT Perpetual (as of 14:02, likely IST, July 23, 2025):
My Suggested Strategy: Observation: The price is at 528.16 USDT with a slight upward move (+2.63% in 24h), but the broader trend appears bearish as it’s below key moving averages. The market seems indecisive with the price near resistance (529.35).
Action: I’d wait for confirmation. If the price breaks above 535.53 with strong volume, I might consider a small long position, targeting 545.63, with a stop-loss below 511.11. If it fails to break 529.35 and starts dropping, I’d lean toward a short position targeting 511.11, with a stop-loss above 535.53.
Risk Management: I’d keep position sizes small due to the mixed signals and monitor real-time data closely. This is a hypothetical approach based on the chart. For actual trading, I’d recommend using the DeepSearch mode for the latest market updates or consulting a financial advisor. Would you like me to search for current BCH/USDT trends? #BCHUSD #Binance
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