👀 Big accounts are watching this:
$BCH breaks below the MA50 on the daily chart (272.821).
These kinds of medium-to-long-term moving averages are closely watched by many trends and quant funds; a break below often triggers stop-losses and position reductions. But for now, it has already moved back above the moving average, which suggests support from below.
If it turns the other way next, what will you do?
#BCH
Crypto is risky—be careful when placing orders.
$BCH breaks below the MA50 on the daily chart (272.821).
These kinds of medium-to-long-term moving averages are closely watched by many trends and quant funds; a break below often triggers stop-losses and position reductions. But for now, it has already moved back above the moving average, which suggests support from below.
If it turns the other way next, what will you do?
#BCH
Crypto is risky—be careful when placing orders.