Here’s a trade plan for ETH/USDT Perp based on the chart (price ~1,697.20).



$ETH
1. Market Context

· Trend: Strongly bearish (price below SuperTrend at 1,866.35, down ~15.6% in 7 days).
· Bollinger Bands: Price near lower band (LB: 1,671.32) – oversold, but momentum still down.
· MACD: DIF below DEA, histogram negative – bearish momentum intact.

2. Key Levels

· Support: 1,688.83 (24h low) → 1,671.32 (Bollinger LB) → 1,625.27 (recent swing low)
· Resistance: 1,801.69 (24h high) → 1,838.93 (Bollinger MB) → 1,866.35 (SuperTrend)

3. Trade Scenarios

A) Short (Preferred)

· Entry zone: 1,720–1,740 (pullback to broken support/resistance)
· Stop loss: Above 1,810 (24h high + buffer)
· Take profit 1: 1,689
· Take profit 2: 1,671
· Risk/Reward: ~1:2

B) Long (High risk, counter-trend)

· Entry zone: 1,670–1,680 (only with clear rejection/bullish candle on LB touch)
· Stop loss: Below 1,660
· Take profit 1: 1,720
· Take profit 2: 1,760
· Risk/Reward: ~1:1.5

4. Confirmation to Watch

· For shorts: Price fails to break above 1,750–1,760 zone, MACD stays negative.
· For longs: Bullish divergence on MACD or high-volume wick rejection at ~1,670.

5. Risk Management

· Risk per trade: 1–2% of portfolio.
· Avoid entering if price breaks below 1,670 with high volume (continuation signal).
ETH-9.64%
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