Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Unless you feel you need it for something urgent, I would not advise selling now after buying at that price. Just chill and hold for long term if you do not really need it now. However, if you are a trader, note the last highest peak from the chart and the trend and see if you can sell at that point. Hopefully it comes down again and you can buy more. If you do this gradually, you may end up at least recovering your losses.