Technical analysis by TrimmerTrading about Symbol BCH: Buy recommendation (17 hour ago)

Trending Direction: Up Strategy: This would be an impulse consolidate impulse, after a liquidity grab Fundamentals: Tokenomics is the same as bitcoin, it's not a scam coin, been around for years, has great volume, and will have an etf approved very shortly its not scam. M1: Looks like a clear up trend and very bullish candles W1: Prior week not closed, but I like the price action, theres a clear failed lower low. D1:Looks super strong and ready to push out Target and SL: Initial target would be around 1200 but this has legs to go to prior ath of around 4200 Target has been extrapolated using fib extensions SL is just under the M1 candle lots of room and even if liq grab should be good Management: Will move SL to break even at 1:1 677.66 I will assess at 1200 but this has room to go much further to around 1600 or even prior ath of 4200... Emotion pre trade: Honestly a bit upset, I had such a good entry on this trade, where I would make the same amount of money only risking $300 and it was stop at break even and now I am risking $1000 to make the same more. I think this is a very good trade and set up maby I am chasing or risking too much but the stop loss is very wide and the set up is ticking all the boxes, so If I loose I loose within my risk tolerance and I am okay with this. Initially I was risking 1.4k but I scaled down because It was too much. If I have to wait 3 months for make around 7k thats okay for me. Emotions in trade: Just going set and forget, this is a long term trade so my work is done. DISCLAIMER: I am not a financial adviser. Investing and trading is risky, and you can lose your money. The information in this video should not be used to make any investment decisions. You should contact a licensed financial adviser prior to making any investment decisions. Any affiliate links in the description of these videos may provide a commission if you decide to purchase their products. I appreciate any and all support of my channel, and without you, I wouldn't be here. Thank you.