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Trade Idea: BCH SHORT

Opened 2025-10-18 02:10:50 · Valid until 2025-10-19 02:10:50 · Closed 2025-10-18 06:11:01 · Triggered 2025-10-18 02:19:01
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 CLOSED RR 2.50 Conf 75% Scalp hours
Entry 474.00000000
Stop 478.00000000
TP 470.00000000 / 465.00000000 / 460.00000000
Live 485.64000000
ROI -2.46% (vs entry)

Thesis and checks

Current market conditions suggest a bearish trend for Bitcoin Cash (BCH) following a significant 24-hour decline.

  • The 5m chart shows a bearish engulfing pattern, indicating a potential continuation of the downtrend.
  • The 15m RSI is in overbought territory, suggesting a reversal is likely as sellers may step in.

Trade ideas are educational. Manage risk and position size.