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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.