Trade Idea: BCH SHORT

Opened 2026-01-13 22:26:01 · Valid until 2026-01-14 22:26:01 · Triggered 2026-01-13 23:36:02 · Closed 2026-01-14 00:41:01

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 1.70 Conf 75% Scalp 6-12 hours

Entry

618.89000000

Stop

623.00000000

Targets

612.50000000 / 608.00000000 / 604.00000000

Live price

602.13000000

Live ROI

2.71% vs entry

Idea ID

#6817

Now Entry Stop TP

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Thesis and checks

Analysis across 5m, 15m, and 1h charts shows bearish confluence near current price:

5m chart: Price rejected multiple times at $620 resistance with bearish engulfing candles signaling short-term selling pressure.
15m chart: RSI is below 50 and trending down, confirming momentum favors bears.
1h chart: Price is below the 50 EMA and forming lower highs, indicating a short-term downtrend.
Stop set just above recent resistance at $623 to limit risk.
Targets set near recent support levels at $612.50, $608, and $604 to capture quick scalp profits.

Trade ideas are educational. Manage risk and position size.