The short position entered earlier continues to deliver solid returns. Looking at the chart, $575 represents a significant support level that we should keep a close eye on. Expecting the price to consolidate around this zone in the near term before making the next move. Key resistance and support structure remains intact—worth monitoring for the next trading opportunity.
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MaticHoleFiller
· 9h ago
Short positions feel good, but I'm afraid of a rebound hitting back, I really need to keep an eye on this position at 575.
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Whale_Whisperer
· 9h ago
$575 is indeed a key position, short positions continue to make money, the next step depends on the volume.
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RunWhenCut
· 9h ago
Is that line at 575 really stable? It feels like it's going to break again this week.
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BridgeNomad
· 9h ago
$575 support holding tight... seen this movie before tho. remember when we all thought the "critical support" would save us? spoiler: liquidity fragmentation doesn't care about your technical levels. what's the counter-party risk on this consolidation pattern ngl
BCH/USD - Technical Update
The short position entered earlier continues to deliver solid returns. Looking at the chart, $575 represents a significant support level that we should keep a close eye on. Expecting the price to consolidate around this zone in the near term before making the next move. Key resistance and support structure remains intact—worth monitoring for the next trading opportunity.