Based on the updated $ETH /USDT,
⚠️ Context:
Price: ~$2,610.44
Trend: Short-term bearish pressure — several red candles in a row.
Support Area: Around $2,600 and then $2,588 (from previous chart’s Bollinger Band).
Resistance: $2,630–$2,648 range (recent highs).
📉 Trade Setup: Short Position
Entry: ~$2,610
Target (TP): $2,588 – This was a previous support level.
Stop Loss (SL): $2,620 – Just above local resistance and wick rejections.
💡 This trade idea bets on short-term continuation down to support.
🛑 Alternative (Aggressive Long Setup):
If you're expecting a bounce from $2,600:
Long Entry: ~$2,600
TP: $2,630
SL: $2,588
🧠 Strategy Note:
You're in a consolidation zone between $2,588–$2,648. A breakout trade might offer more reward than ranging scalps. Consider waiting for:
Break above $2,648 → Long.
Break below $2,588 → Short.