$ETC ETC/USDT Trading Signal - Downtrend Testing Key Support
Current Price: $27.31
EMA Trends:
EMA(7): $28.05
EMA(25): $28.32
EMA(99): $28.02
Observation:
ETC/USDT has seen a significant drop, losing nearly 5% and breaking below all major EMAs. The price hit a low of $26.85, suggesting heavy selling pressure. A recovery above EMA(7) will be essential to reverse the current downtrend.
Potential Strategy:
Entry Range: $27.20 - $27.50
Targets:
Target 1: $27.80 (EMA(7) Retest)
Target 2: $28.30 (EMA(25) Retest)
Stop Loss: $26.70
Key Insights:
If ETC/USDT stabilizes above $27.20, a rebound toward EMA levels is possible. Monitor volume closely for reversal confirmation. Secure partial profits at $27.80 and adjust stop-loss to breakeven if the price reaches Target 1. A break below $26.70 may signal further downside.
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