🐋 $BCH hits a new 24-hour low; selling pressure hasn't let up.
Current price: 276.3, below the previous low of 277.17. 24-hour trading volume: $7.29 million.
There are usually plenty of stop-loss orders for long positions below the previous low. Breaking through it can trigger a cascade of stop-losses; watch for large orders buying in at lower levels.
#BCH
Just my personal take—it may not be accurate, so please use your own judgment.
Current price: 276.3, below the previous low of 277.17. 24-hour trading volume: $7.29 million.
There are usually plenty of stop-loss orders for long positions below the previous low. Breaking through it can trigger a cascade of stop-losses; watch for large orders buying in at lower levels.
#BCH
Just my personal take—it may not be accurate, so please use your own judgment.