After this wave of $BCH bullish rhythm emerged, the market clearly lightened, and the suppressed sell orders were eaten up in one breath.



This time I’m not looking at the hype of news, but at price action. When the opportunity was given around 207.29, the pullback amplitude became smaller and smaller, while the rebound strength became stronger and stronger. Such details are easily overlooked. I had noticed this level earlier and only went long after the signal was confirmed. Now the current price is at 242.23, with +1196.84% in hand. The trend extension is obvious, and the result speaks for itself.

There were indeed interruptions along the way, with several sharp drops that were quite scary. Many people see a pullback and think it's over, but each time after the dump, the price was bought back. To put it plainly, the rhythm has shifted here. Continuing to look at the market with a bearish mindset will easily cause you to miss out.

Currently, I will take profit on 70% in batches, and use a trailing stop on the remaining 30%, without fantasizing about catching the entire move in one go. After taking profit, first defend it, then see if there’s room for continuation. For those who haven’t gotten in, don’t rush. Don’t chase. Wait for the next opportunity, and move only when a more comfortable position appears.

$BTC $ETH
BCH-0.56%
BTC-0.63%
ETH-1.14%
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