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Trade Idea: BCH LONG

Opened 2025-10-02 13:06:22 · Valid until 2025-10-03 13:06:22 · Closed 2025-10-02 15:03:01
How this works. Pending means price has not hit entry. Live means entry was hit and the trade is active until TP or SL or expiry. Closed means TP or SL hit, or expired. Times are UTC. Educational use only.
LONG PENDING RR 2.00 Conf 75% Scalp hours
Entry 594.00000000
Stop 590.00000000
TP 598.00000000 / 600.00000000 / 603.00000000
Live 485.47000000
ROI -18.27% (vs entry)

Thesis and checks

Based on the analysis of BCH, a long scalp trade is recommended due to the following signals:

  • 5m Chart: A bullish engulfing pattern has formed, indicating strong buying pressure.
  • 15m Chart: The price has bounced off a key support level at $590, confirming a potential upward movement.

Trade ideas are educational. Manage risk and position size.