ETHUSDT Short Setup from Local Resistance and Rising Channel

ETHUSDT has reached a key local resistance zone at $2,562.00, which aligns with the upper boundary of a rising channel. This area has historically acted as dynamic resistance, and price action is showing signs of stalling after a strong upward move.

A short position is taken at $2,562.00, anticipating a move down to the lower channel support near $2,337.16.

This setup leverages both horizontal and diagonal resistance, ideal for traders looking for a mean reversion setup within a rising structure.

🧩 Trade Parameters :
- Entry: $2,562.00
- Stop Loss: $2,636.73
- Take Profit: $2,337.16

🔢 Risk:Reward Calculation:
- Risk: 2,636.73 - 2,562.00 = $74.73
- Reward: 2,562.00 - 2,337.16 = $224.84
- Risk:Reward Ratio: 1 : 3.01 ✅ (Very favorable)

✅ Bias:
- Bearish rejection from channel top and prior resistance

🔄 Confirmation:
- Look for rejection wicks, bearish engulfing patterns, or a break of lower timeframe support levels

❌ Invalidation:
- Strong breakout and hold above $2,636.73

This is a high-RR short setup with clear structure and invalidation — well-suited for traders aiming for precision entries on rejection zones.