BCH

Direction: 1x long-term short position
Entry: Near previous high at 630-650, can place orders in batches at resistance levels 626 and 646.
Confidence level: Medium
Multiplier: 1x
Position size: 10% of total capital each time
Take profit for short-term: Half can be closed at around 615 (for safety), second target at around 590, third at around 530
Stop loss: 1x will not cause liquidation, beware of false breakouts. If the price breaks above the previous high of 660 and stabilizes without falling back, set a stop loss. If it breaks above and then drops back down, it’s a false breakout, and you can reopen the position.
Reason: As analyzed today
Note: Do not place orders at integer levels, as they are less likely to be filled. It’s easier to fill orders placed slightly below resistance or slightly above support. Currently, due to many false breakouts and fake breakdowns, to prevent such situations, we set stop losses slightly higher and lower the take profit levels, significantly increasing the win rate.