🔴 $BCH SHORT setup · 15m
Price just shattered its short-term range on the fifteen-minute chart.
📍 Entry 273.450
🎯 TP 262.239 (+4.10%)
🛑 SL 277.025 (-1.31%)
⚖️ Risk / Reward 1 : 3.14
Why it triggered
✅ Rule triggers met: Breakdown M5, MACD histogram decreasing
✅ Price broke down through its recent short-term range
✅ Price sits below EMA20 and EMA50, with both stacked in the trade's direction
✅ RSI 43.3: momentum still has room, not overextended
The breakdown below key moving averages, coupled with weakening momentum indicators, points to immediate downside pressure. The reading on the momentum oscillator suggests room for further movement.
👀 Watch: A decisive break below the next major support level is needed.
WolfBot trade journal: defined risk, not financial advice.
#TradingSetup #RiskManagement
Price just shattered its short-term range on the fifteen-minute chart.
📍 Entry 273.450
🎯 TP 262.239 (+4.10%)
🛑 SL 277.025 (-1.31%)
⚖️ Risk / Reward 1 : 3.14
Why it triggered
✅ Rule triggers met: Breakdown M5, MACD histogram decreasing
✅ Price broke down through its recent short-term range
✅ Price sits below EMA20 and EMA50, with both stacked in the trade's direction
✅ RSI 43.3: momentum still has room, not overextended
The breakdown below key moving averages, coupled with weakening momentum indicators, points to immediate downside pressure. The reading on the momentum oscillator suggests room for further movement.
👀 Watch: A decisive break below the next major support level is needed.
WolfBot trade journal: defined risk, not financial advice.
#TradingSetup #RiskManagement
