Hi, friends.
BCH have a good opportunity for buy.
If the mini-balance goes up then a new uptrend will begin. You can search buy opportunity after breakout 1381.
But if false break out happens and the price will return back into the balance you need to close position immediately.
Trade recommendation:
Entry point: 1381(conservative - buy limit after breakout and holds above), 1381(aggressive - buy stop to catch the possible breakout)
Stop: 1233
Target1: 1752
Glossary of terms
BCH have a good opportunity for buy.
If the mini-balance goes up then a new uptrend will begin. You can search buy opportunity after breakout 1381.
But if false break out happens and the price will return back into the balance you need to close position immediately.
Trade recommendation:
Entry point: 1381(conservative - buy limit after breakout and holds above), 1381(aggressive - buy stop to catch the possible breakout)
Stop: 1233
Target1: 1752
Glossary of terms
- Point of Control (P O C) – The price level for the time period with the highest traded volume .
- Value Area (V A) – The range of price levels in which a specified percentage of all volume was traded during the time period. Typically, this percentage is set to 70% however it is up to the trader’s discretion.
- Balance - Accumulation Area.
- F L - flat level.
- T L - trend level.
- Fixing (fix, culmination) - reverse price reaction then the markets stops i'ts movement for a short time. The trend stops when it passes through 2-3 fixing movement.
Trade closed manually