Trade Idea: BCH SHORT

Opened 2026-02-08 20:01:08 · Valid until 2026-02-09 20:01:08 · Triggered 2026-02-08 20:07:01 · Closed 2026-02-08 21:48:02

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 1.80 Conf 75% Scalp hours

Entry

531.70000000

Stop

536.00000000

Targets

526.50000000 / 523.00000000 / 520.00000000

Live price

526.98000000

Live ROI

0.89% vs entry

Idea ID

#7700

Now Entry Stop TP

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Thesis and checks

Short setup identified on BCH based on multi-timeframe analysis:

5m and 15m charts show bearish momentum with lower highs and lower lows forming, indicating short-term selling pressure.
1h chart confirms a bearish engulfing candle near resistance around 535, suggesting a reversal from recent minor bounce.
Current price near 531.7 is close to resistance zone, offering a good entry for a scalp short with tight stop at 536.
Targets set near recent support levels at 526.5, 523, and 520 provide a favorable risk-reward ratio above 1.6.

Trade ideas are educational. Manage risk and position size.