ETH/USDT SPOT Trade Setup (as of 09:08 AM +06, May 23, 2025)

- Current Price: $2,636.81 (+5.27%)

- Trend: Downtrend (price below MAs: MA7 $2,639.55, MA14 $2,649.19, MA28 $2,656.01)

- Support: $2,622.15 (recent low)

- Resistance: $2,680.05 (recent high)

- Volume: 175.709 (decreasing)

Trade Plan

- Entry (Short): Sell at $2,636.81 or on bounce to $2,640

- Stop Loss: $2,660 (above resistance)

- Take Profit: $2,622.15 (1:2 risk-reward) or $2,600 if momentum increases

- Risk: 1-2% of capital

Why?

- Bearish momentum (red candlesticks, price below MAs)

- Support at $2,622.15 likely to act as a target

- Resistance at $2,680.05 as a stop loss level

Monitor volume and news for reversals.

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