BCH seems to always be consumed by oscillations and indecision. Compared to assets like gold and silver that display clear trending movements, BCH's performance on the 4-hour chart is indeed lacking, and the trading experience naturally takes a hit.
Many long-term traders in BCH either continuously hold short positions or keep chasing shorts at high levels, only to repeatedly hit dead ends. Now, this coin is approaching the key resistance level of 650 for the fourth time.
For trend traders, the resistance and support levels were already thoroughly analyzed two weeks ago. In the face of a true trend, these levels are essentially meaningless. But the 650 line is different—it is the market's focal point, and more importantly, the risk-reward ratio from this level is quite favorable.
The beauty here is: whether going long or short, you only need to set a very small stop-loss to aim for a significant profit. This is the position truly worth "betting" on. Compared to blindly guessing the rise or fall midway through a trend, entering at such critical points greatly improves both the win rate and the expected return.
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ShitcoinArbitrageur
· 12h ago
BCH this thing, it’s shaking my head so much it hurts, isn’t it almost five times at 650?
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SoliditySlayer
· 01-11 15:52
BCH this coin is really annoying, nagging all day long. It's the fourth time hitting 650 and still hesitating there, but the risk-reward ratio is pretty good.
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AlphaBrain
· 01-11 15:50
BCH is just a bouncing ball, I'm tired of the 650 level.
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LidoStakeAddict
· 01-11 15:43
BCH is really getting anxious this time. After fluctuating for a long time, it's still bouncing around 650. Maybe it's better to just short-sell and wait for an opportunity.
BCH seems to always be consumed by oscillations and indecision. Compared to assets like gold and silver that display clear trending movements, BCH's performance on the 4-hour chart is indeed lacking, and the trading experience naturally takes a hit.
Many long-term traders in BCH either continuously hold short positions or keep chasing shorts at high levels, only to repeatedly hit dead ends. Now, this coin is approaching the key resistance level of 650 for the fourth time.
For trend traders, the resistance and support levels were already thoroughly analyzed two weeks ago. In the face of a true trend, these levels are essentially meaningless. But the 650 line is different—it is the market's focal point, and more importantly, the risk-reward ratio from this level is quite favorable.
The beauty here is: whether going long or short, you only need to set a very small stop-loss to aim for a significant profit. This is the position truly worth "betting" on. Compared to blindly guessing the rise or fall midway through a trend, entering at such critical points greatly improves both the win rate and the expected return.