The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice of the cryptocurrency academic may not make you rich overnight, but it can ensure that you always have support. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you can understand.

I am a warrior who has always been protecting the "leeks" in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Academic: Continue to hold the short position of BCH360! Short-term operation strategy fully analyzed!

The future space of BCH is still very promising. After a short-term surge to near EMA120, a pullback occurred, indicating that a further decline due to insufficient chips is inevitable. The previous strategy was to enter at over 330 and exit at 360. Now, we are holding a short position at 360. The target for this position will not be too long. The focus is still on the major and minor cryptocurrencies. Therefore, I will choose to exit near the 340 level.

From the candlestick chart, it can be seen that the current market price fluctuates within the range of 350 to 360, showing an overall oscillating trend. A large bullish candle appeared on the 27th, followed by a few days of retracement, but it did not fall below the previous low, indicating that there is still an opportunity to retest the previous low. The MACD technical indicator shows that the DIF and DEA averages are gradually flattening, indicating a relatively balanced short-term strength between long and short positions. The trend indicator is contracting, and after the overall trend explores the bottom, there is a high probability of a rebound. Until the major trend support is broken, the market is still bullish, with a short-term trend being bearish.

Comprehensive judgment: Continue to hold the short position at 360, and the target is to exit at around 340 to 335. Only consider entering a long position when the support at 335 is clearly and effectively tested. The target can refer to the previous high. Always set a stop-loss, safety first, and trading second. The essence of trading is survival.

Real-time market data should be the main consideration for specific operations. For more information, please consult the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Academic and represents the exclusive viewpoint of the academic. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, and others are based on in-depth research. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. Reprint with proper attribution. Control your positions reasonably, and avoid heavy or full positions. The academic also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own issues and not let the potential profit slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. It's never too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The heavens reward hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academic wishes you a pleasant investment experience!

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