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Trade Idea: BCH SHORT

Opened 2025-10-14 10:26:11 · Valid until 2025-10-15 10:26:11 · Closed 2025-10-14 16:03:01
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.
SHORT PENDING RR 2.50 Conf 75% Scalp hours
Entry 510.00000000
Stop 520.00000000
TP 500.00000000 / 490.00000000 / 480.00000000
Live 485.59000000
ROI 4.79% (vs entry)

Thesis and checks

The current price of Bitcoin Cash (BCH) shows a significant downtrend, making a short position favorable.

  • The 5m chart indicates a bearish engulfing pattern, suggesting strong selling pressure.
  • The 15m RSI is below 30, indicating oversold conditions, but the 1h chart shows a potential for a bounce, allowing for a short entry before further declines.

Trade ideas are educational. Manage risk and position size.