BCH: Summary of discussions in the Shuqin Mute Group (18:00:06 ~ 19:00:06)

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1. The current recommendation is to long on BCH, focusing on building positions in batches within the 550-600 range, with an average price control around 575. It is emphasized that a price pullback is expected, with 600 and 650 being key resistance levels. The price may initially rise to 650 before falling back. Do not rush to chase the price higher; this is a strategy of "buying on the dip after a price surge." 2. Position and Risk Management Recommendations: We recommend entering the market with a small position using 1x leverage, keeping the position size between 10-20%. Maintain normal trading rhythm for the remaining positions. It is emphasized that BCH carries a 20x leverage risk; any high-leverage positions must be reduced to prevent liquidation. For long-term holding, a 1x position is sufficient, with a focus on mitigating the risk of a pullback at the 650 resistance level. 3. This strategy is suitable for investors with a conservative, medium-term investment style, utilizing a strategy of buying in batches on dips and waiting for pullbacks at higher levels. It discourages aggressive, high-leverage long, reminding investors that "opening with 1x leverage is already 20x leverage," and discourages heavy-position chasing of rising prices to avoid being trapped at high levels. It is suitable for investors with strong risk management awareness and patience.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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