Trading Idea (Spot Trading - Short Term):
Given the recent slight upward momentum after a period of consolidation, a very short-term speculative buy could be considered, but with tight risk management.
Entry Point: Consider an entry around the current price of $2.127 - $2.128. This is based on the immediate price action showing some potential for a small bounce.
Exit Point (Take Profit): Aim for a small profit target in the range of $2.135 - $2.140. This is a conservative target given the short timeframe and recent volatility.
Stop Loss: It's crucial to set a tight stop loss to protect your capital in case the price reverses. A stop loss could be placed below the recent consolidation low, perhaps around $2.120. If the price drops below this level, it might indicate a continuation of the downward trend.