$BCH
♠️ BCH/USDT 24-hour trading strategy analysis ♠️
Current price: 342.1 USDT
♦️ Technical analysis:
• Main support level: 337.5 USDT
• Main resistance level: 347.6 USDT
• There are a lot of 50x leverage positions in the 327.2 - 347.6 range, which is an important observation area
♥️ Trading strategy:
Long:
• Entry: 342.1 - 344.8 USDT
• Target: 347.6 USDT (+1.6%), 357.9 USDT (+4.6%)
• Stop loss: 337.5 USDT (-1.3%)
Short:
• Entry: 347.6 - 357.9 USDT
• Target: 342.1 USDT (-1.6%), 337.5 USDT (-2.9%)
• Stop loss: 368.1 USDT (+2.8%)
🃏 Risk management:
• Control the risk of a single transaction within 2%
• It is recommended to use a leverage of less than 10 times
• Pay close attention to the changes in high leverage positions in the range of 327.2 - 347.6
📊 Market outlook:
• BCH has shown an upward trend recently, and the green K-line shows that the buying power continues
• 347.6 is an important resistance level in the near future, and a breakthrough may trigger further increases
• There are a large number of high leverage positions in the range of 327.2 - 347.6, which may cause violent fluctuations
• The overall trend is bullish, but it is recommended to operate cautiously near key positions and set reasonable stop-profit and stop-loss
This analysis is for reference only. Please trade cautiously based on your personal risk tolerance.
