22% High Potential Trade on BCH/USD

In this technical analysis I will walk you through BCH/USD and how you can earn 22% by using this fantastic trade opportunity.

We've seen that BCH is in a parallel channel with no clear indication of trend. This means that the price is oscillating nicely between a resistance and support. Since the price is now at the lower part of this channel, we can go in with a long trade towards the upper part of the channel.

Based on the chart you can see that any buy opportunity around $270 will be a good entry, and any sell opportunity around $340 will be a fantastic exit.

Make sure to put your limit orders slightly away from those levels, for instance an entry around $275 and an exit around $330. This maximizes your chances of being hit.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!