Key Observations:$BCH
Current Price: $472.44
Recent High: $483.00 (potential double-top or resistance level)
Parabolic SAR: The SAR dots are still below the price, indicating an ongoing uptrend, but a reversal may be approaching soon.
Unrealized PnL: +9.81% (shows you're in profit on a short position, which means the entry was at a higher price, possibly near 483).
Leverage: Cross 15x — high risk, so timing is critical.
Candlestick pattern: Several strong green candles approaching resistance; potential for a pullback.
Previous short signals: Clustered around $440-$460 and one near $483 (recent).
Suggested Short Signal Strategy:
If you're considering entering a new short position, consider the following signal setup:
🔻 Short Signal:
Trigger: If price fails to break above $483 (resistance) and starts to close below $470 on the next few candles.
Confirmation: Parabolic SAR flips above the price.
Entry Zone: $470–$475 (as a rejection of 483 resistance)
Stop Loss: Above $485 (to protect against breakout)
Take Profit Targets:
TP1: $450
TP2: $430
TP3: $406 (aligns with SAR value shown)
