The key is whether it can rise beyond Zone 3Bitcoin Cash / TetherUSBINANCE:BCHUSDTreadCrypto Hello. Nice to meet you, fellow traders. If you "follow" me, you can always get new information quickly. Have a great day today. ------------------------------------ I believe that BTC is the only one that has survived among Bitcoin-based tokens. Therefore, if you trade Bitcoin-based tokens, you must trade by increasing the quantity corresponding to your profits. In other words, you need a trading strategy that can protect your original investment capital even if the price plummets. - Looking at the BCH chart, it can be broadly divided into four sections. Among these, the most important section is Section 2. This is because there is a possibility of a significant upward trend when the price rises above Section 2 and maintains that level. Therefore, you should consider Section 2 and below as areas for medium-to-long-term investment and observe the situation with patience. For Bitcoin-based cryptocurrencies other than BTC, it is advisable to adopt a trading strategy that increases the quantity corresponding to the profits, or, if possible, secures cash profits. In other words, this refers to a method similar to trading in the stock market, where you sell 100% to realize a profit when the price rises to a reasonable level. However, if you do not follow this approach and proceed with medium-to-long-term investment, it is essential to recover your principal by retaining a quantity corresponding to the profits. To do this, you should engage in day trading and sell only the quantity corresponding to your principal when the price rises and shows signs of falling. At this point, while calculating the transaction fee rate at 0.4% is considered ideal, you can simply sell at a minimum of 0.1%. It is advisable to set the stop-loss at 0.4% or more above the purchase price if possible. If you buy and the price falls without holding above 0.4%, it is best to cut your losses. However, if you bought when the price showed signs of support near the HA-Low or DOM(-60) indicators, there is no need to strictly cut your losses. This is because a decline from the HA-Low or DOM(-60) indicators can lead to a stepwise downtrend. A stepwise downtrend eventually forms a bottom and reverses into an upward trend. However, if your investment weighting is set too high, you must cut your losses on a portion to secure cash. This is because doing so allows you to buy again when the price meets the HA-Low or DOM(-60) indicators once more. - When prices rise above a certain level, there are times when you buy unconditionally, feeling as though you must buy immediately. While this should technically be considered the peak, this phenomenon becomes more pronounced when the cryptocurrency market enters a bull market. Therefore, in such situations, you must engage in day trading to focus on recovering your principal. For your main purchase, simply hold the quantity made when the HA-Low or DOM (-60) indicators are encountered. Then, when it seems unlikely to rise further, you can sell to recover your principal. If you wish to generate cash profit, you can sell accordingly. Unlike the stock market, the cryptocurrency market allows for free trading in fractional units, making the barrier to entry low. Therefore, even if you sell a large quantity to generate cash profit, there is the advantage of being able to increase your holdings at any time. In that case, there is no need to conduct this type of trading—that is, accumulating the quantity corresponding to your profits—for every coin (token). You should use this when trading coins you intend to invest in for the medium to long term, such as BTC, ETH, and BNB. - BCH is currently exhibiting a stair-step downtrend. To transition from a stair-step downtrend to an uptrend, the price must rise above the previous HA-Low indicator level and maintain that level. In other words, it must rise above 460.1 and hold. Therefore, until then, it is advisable to engage in day trading to increase your holdings based on your profits. However, it is not easy to increase your holdings solely based on your profits. This is because the remaining quantity is small. Therefore, a selling strategy is necessary. Once the price rises above a certain level—that is, if it has increased by more than 0.4%—set a stop-loss around the 0.4% mark and wait. Then, when you encounter the DOM (60) or HA-High indicators, sell a portion or sell an amount equivalent to your principal purchase, and then release the stop-loss. Since the average purchase price of the remaining quantity after recovering the principal is 0, it will always remain in a profitable state until the coins (tokens) disappear. Because this remaining quantity can confuse the average price in the investment history provided by the exchange, you should store it separately in another wallet or ignore the average price provided by the exchange thereafter. - The circles marked on the chart correspond to important support and resistance zones. Among them, points 1 through 4 correspond to buying times, while points 5 and 6 correspond to selling times. However, since there is a possibility of a full-scale uptrend if the price rises above the M-Signal indicator on the 1M chart and maintains that level, it is ambiguous to consider section 4 as a buying time. Therefore, you must respond according to the situation. Therefore, we need to consider how to proceed with buying around zones 1 through 3 to increase our holdings and close our main position. However, since a stair-step downtrend may continue, it is necessary to trade while securing cash. - Thank you for reading to the end. I wish you a successful trade. --------------------------------------------------