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- 🎉 A Warm Welcome to Dr.Han on Gate Square!
Dr.Han — Founder of Gate and a seasoned crypto industry observer — is now officially sharing insights on Gate Square!
📢 Follow Dr.Han and like or comment on his latest post for a chance to win!
👉 Post: https://www.gate.com/post/status/11966645
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(If shipping is unavailable in your region, a $50 Futures Voucher will be provided instead.)
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- 🔥 Gate Square #Gate Alpha Third Points Carnival# Trading Sharing Event is Live!
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- 🎉 Gate xStocks Trading is Now Live! Spot, Futures, and Alpha Zone – All Open!
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📅 July 3, 7:00 – July 9,
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🔹Follow Gate_Square
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📅 Ends at 16:00 PM, July 7 (UTC)
Other altcoins discussed
It is also necessary to pay attention to the exchange rate of Bitcoin. Because at present, it is indeed a key support area for Ether. If this range can be supported, there will be a rebound in Ether. So at the end of the show, we talk about two proof-of-work (PoW)-based coins: Bitcoin Cash (BCH) and Litecoin (LTC).
For both coins, if you choose to be bullish at this minute, the simpler strategy is to stop the loss when it falls below a certain point. For me personally, I've already sold some of it at a high level (e.g. OK 75%), and my break-even point is actually $580. There is currently 25% of the position left, and if the price falls below my stop loss level, I will also opt out.
As for Litecoin (LTC), if you have already entered the market with us, then pay special attention to the price point of $92. If the price does fall below $92 within an hour, then the whole trend may have to change. So, if you ask me if I want to enter the market at this minute, all you need to consider is whether I can accept a stop loss of $92, it's as simple as that.