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-15+ years experience in markets
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BCHUSD 8hours: BUY LOW for 25% gains (mid-term)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
TAGGED as SHORT because I expect more downside
short-term before reversal (bulls).
So in order to preempt some questions, why did I flip to BUY
recommendation for mid-term? Primary reason:
we got fresh liquidity in BTCUSD near 8400 USD.
so there will be at least one final RALLY/PUMP
before bears can take over later.
therefore mid-term I recommend BUY setups only.
🔸 Summary and potential trade setup
::: BCHUSD 8hour chart review
::: still range-locked
::: upside limited short-term
::: drifting lower on auto-pilot right now
::: HOWEVER still fresh liquidity
::: near 200/214 USD is enough for
::: reaction mid-term. therefore look to BUY LOW
::: recommended strategy: BUY LOW 200-210 USD
::: SL 190 USD
::: TP1 bulls 240 TP2 bulls is 270 USD
::: 25%/30% gains in this BUY/HOLD setup
::: let's focus on short-term only for now
::: big picture still not clear
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 200/210 USD
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: