Trade Idea: BCH LONG
Opened 2025-09-06 17:37:26 · Valid until 2025-09-13 17:37:26 · Closed 2025-09-09 02:44:58 · Triggered 2025-09-07 03:21:01
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 CLOSED
RR 1.50 Conf 75% Swing 3-5 days
Entry 600.00000000
Stop 580.00000000
TP
620.00000000 / 640.00000000 / 660.00000000
Live 485.47000000
ROI
-19.09%
(vs entry)
Thesis and checks
The current market conditions for Bitcoin Cash (BCH) show a slight decline of 2.44% over the last 24 hours, indicating potential for a reversal. The Relative Strength Index (RSI) is approaching the oversold territory, suggesting that a bounce back could be imminent. Additionally, the price is nearing a significant support level around $580, which has historically provided a floor for price action.
- RSI nearing oversold levels indicates potential for upward momentum.
- Price approaching a strong support level enhances the likelihood of a rebound.
Trade ideas are educational. Manage risk and position size.