The recent BCH market movement suggests that friends who went short can now consider gradually reducing their positions.



Let's review the strategy: we publicly provided an entry opportunity around 664, and anyone who saw it could have entered. Later, there was a significant drop, which was a bit uncomfortable, but it also presented an opportunity — to lock in profits from the top.

Currently, the return has reached approximately 1.3x, making this a good point to reduce positions. On one hand, it can lock in partial gains; on the other hand, maintaining some positions allows room for the subsequent trend.

For traders who are in sync with the rhythm, this is indeed a good opportunity. The key is to make decisive reduction decisions at reasonable levels, rather than greedily holding on. Risk management is always more important than chasing maximum returns.

We will continue to monitor BCH's trend and share any new opportunities with everyone as soon as they arise.
BCH1.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
GasBanditvip
· 13h ago
664 Nabo is indeed correct, it has increased by 1.3 times and should be taken profit... However, I still keep some positions to bet on the future trend.
View OriginalReply0
SigmaValidatorvip
· 13h ago
1.3x still holding? Are you looking for death? Hurry up and run. --- That wave of 664 was really a masterstroke, too bad I didn't follow, now I can only watch others make money. --- Reducing positions is the right move, but there's always someone greedy, and in the end, they get caught. --- It sounds good, but ultimately it depends on individual stop-loss ability. My problem is that I tend to hold on too long. --- Dipping out in stages during this kind of market is indeed safer, but risk management is easier to talk about than to do. --- Taking profits at 1.3x is rational, but many people just can't control themselves and want to gamble that last 10%. --- The BCH coin has been quite active recently, keep an eye on it. --- I just want to ask, can I still get on now? --- Reducing positions is a good suggestion, but only if you've actually made a profit. What if you haven't? --- This operation is actually textbook-level, but unfortunately most people can't learn it.
View OriginalReply0
CommunityWorkervip
· 13h ago
Want to hold after a 1.3x gain? Cash out early for peace of mind. I don't want to be cut again. Take profits and run, that's the right way. Don't be greedy. That wave at 664 was really comfortable. Now is the time to reduce positions, don't wait until things turn sour. You're right, risk management comes first. I previously held on too long and suffered big losses. Reduce positions gradually, don't clear everything at once. BCH can be temperamental. Those who followed are all smiling. It's about doing the right thing at the right time. 1.3x is enough. Greed is a big taboo in trading. I agree with this logic. Just listen, but ultimately it depends on whether your account can handle it. It feels a bit conservative, but being cautious is never wrong. This wave's rhythm was really good. Let's see how it moves next.
View OriginalReply0
SoliditySlayervip
· 13h ago
1.3x still holding? That's the common problem of retail investors. --- Everyone who entered at 664 has already made a profit. What are you waiting for now to sell? --- The key is that many people simply can't take this step, watching their profits shrink helplessly. --- Reducing positions is easy to talk about but really hard to do; mental preparation is essential. --- Risk management will always come first; too many people ruin themselves out of greed. --- Congratulations to those who followed; for those who didn't, the next opportunity is coming. --- This wave has good momentum, but I don't know if there will be further market movements. --- Decisively taking profits at 1.3x, rather than dreaming of 5x in reality. --- Can anyone really confidently reduce their position at the high point? Most just hold on until they incur losses. --- Waiting to see the next opportunity; don't just sit around.
View OriginalReply0
quietly_stakingvip
· 13h ago
664 Nabo is indeed correct; you just need to know when to stop. It's a 1.3x gain; it's time to exit. Greed is the easiest way to give back profits.
View OriginalReply0
NftBankruptcyClubvip
· 13h ago
1.3x profit should be taken, this person truly understands risk control, unlike some who hold on until liquidation. Really, greed is the biggest enemy. Taking profits when the time is right is the secret to longevity. But there's still a bit of regret, feeling like it could have been bigger? But rationality > fantasy, I appreciate this attitude. This wave of BCH indeed provided an opportunity. The question is whether you can hold on until the end, or if you should just relax and wait for the next signal. So now the question is, after reducing your position, should you keep watching the market, or can you just relax and wait for the next signal?
View OriginalReply0
BlindBoxVictimvip
· 13h ago
1.3x is indeed pretty good, but there's always someone who can't hold on. --- The wave of 664 should be taking off now. Greed is truly the biggest poison in trading. --- Talking about reducing positions is easy, but doing it is hard. When the mentality collapses, it's all in with a full stake. --- The buddies following the trend should be smiling now, but I'm just afraid they'll start shouting about being cut when it drops back. --- I've heard risk management a hundred times, but when it really matters, I still go soft. --- For coins like BCH, it's about riding the waves. I don't have the patience for long-term holding. --- Take half immediately at 1.3x, and the rest feels much better. Don't be so hypocritical. --- Another textbook-level lesson on reducing positions, but the problem is retail investors can understand it but can't apply it.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)