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Trade Idea: BCH SHORT

Opened 2025-09-07 02:37:53 · Valid until 2025-09-08 02:37:53 · Closed 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.
SHORT PENDING RR 2.00 Conf 75% Scalp hours
Entry 590.00000000
Stop 595.00000000
TP 580.00000000 / 570.00000000 / 560.00000000
Live 483.83000000
ROI 17.99% (vs entry)

Thesis and checks

The market shows signs of bearish momentum for Bitcoin Cash (BCH) based on recent price action.

  • 5m Chart: A bearish engulfing candle has formed, indicating strong selling pressure.
  • 15m Chart: The RSI is approaching overbought territory, suggesting a potential reversal.

Trade ideas are educational. Manage risk and position size.