ETC/USDT Technical Analysis šŸ“Š: Buying, Selling, and Stop Loss Targets šŸŽÆ

$ETC

Current Price: 34.31 USDT

Support Level: 33.62 USDT

Resistance Level: 34.57 USDT

Trading Data:

24h High: 34.52 USDT

24h Low: 31.11 USDT

24h Volume (ETC): 3.60M

24h Volume (USDT): 118.98M

Technical Analysis:

Price Trend: ETC has gained +3.59%, reflecting bullish momentum.

RSI (Relative Strength Index): RSI indicates a moderate bullish condition with potential continuation.

Moving Averages: Price is trading above the short-term moving averages, suggesting a continued upward trend.

Support and Resistance Zones: The support is at 33.62 USDT, while resistance is found near 34.57 USDT.

Step-by-Step Trading Strategy:

Buy Signal:

Look for a potential bounce near the support zone at 33.62ā€“33.70 USDT.

A breakout above 34.57 USDT could signal further upward momentum.

Sell Signal:

Take profit at the resistance level near 34.57ā€“34.70 USDT.

Extended target: 35.00 USDT if the bullish trend continues.

Stop Loss:

Set a stop loss below 33.62 USDT to protect against further downside.

Target Price:

Short Term: 34.57ā€“34.70 USDT.

Medium Term: 35.00 USDT, contingent on a successful breakout.

Important Notes:

ETC is currently in an uptrend, but monitoring price action at key resistance levels is important.

Risk management through stop losses is crucial in volatile market conditions.

Disclaimer:

This analysis is for informational purposes only and does not constitute financial advice. Always conduct your own research and trade responsibly.

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