don't buy

BCH Long Liquidated: $100k Position Closed at $620.48

I had a long on Bitcoin Cash (BCH) that was liquidated. My average entry was $620.48 and the total position size was $100,443.

The liquidation occurred across all bots in @bpay_group, highlighting the impact of leverage and rapid downside moves.

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Analysis

The forced exit indicates a sharp move against leveraged longs on BCH. A $100k position liquidated at an average $620.48 suggests inadequate stop placement or excessive leverage amid high volatility.

Recommendation

Do not initiate new long positions now. Wait for clearer price stabilization, reduce leverage, and tighten risk controls before re-entering.

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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