Just a follow-up on this BCH coin: →♥

We have a weekly level short order for this coin, giving a position of about 491-500 area, up to 505, the initial stop loss is recommended to be about 519, in the short term, you will feel that including the entry range, and the initial stop loss space feels slightly larger. In fact, the profit and loss ratio is the same, because our first take-profit level is about 408, and the current minimum is 436, which is about 60 points, which is about 12%, but similar to the strategy of large structure, the fault tolerance space needs to be given, that is, it should not be high, because this coin is also a copycat mainstream currency, not those strange monster coins (no amount and no depth, Zhuang is highly controlled, it can rise by 100%-300% a day, and it can also fall by 70% a day) so this kind of relative will not be so messy. Like that fun, it's more demonic.

Let's calculate the current profit and loss ratio: Assuming an entry price of 495, with a stop loss at 419, that's a stop loss of 24 points, approximately a 4.9% drop. However, as it currently dips to a low of 436, that's 60 points, around 12%. The profit and loss ratio reaches 12/4.9=2.44898, but there are currently no completed orders. Patience is needed at the weekly level; the take profit position is still off, and for those still holding, consider whether to exit part of your position based on your own holdings.