Bitcoin Cash (BCHBTC) - Trade Idea

This is a Mean Reversion trade idea. It is a rather rare trade for me, as I don't like holding mean reversion trades for long periods of time. As always, the idea is to buy low and sell at a higher price, close to the mean or fair price. In this longer term trade, target is a major S/R level for Bitcoin Cash. I will manage this trade accordingly and probably decrease risk earlier than target, depending on market behavior.

The low volatility, the price/momentum divergence, the R:R of the trade and the overall market behavior aligned for me to take this trade.