BCHUSD-SELL strategy

peterbokma Updated   
Well it's rare, but what a move from $ 100 area to reach $ 340 is in my book a little too rich. yes, read about the Koreans high volume that started with the EDX on the 21st June 2023.

Just look at TULIP trade, and that paints a real story as well, if one likes history.

From technical perspective 4-hourly has potential for re-visit of $ 340 area, but am not going long for something that triples in value just over some weeks. Very speculative move indeed, so instead:

Strategy SELL around $ 320-330 when seen and take profit at a modest $ 245. Stops am not sure in such lofty heights.
I SOLD very small leverage @ 302.00 FYI and will add near $ 330


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