Can ETC welcome a rebound, and are the layout opportunities already visible?

Market Analysis:

ETC has recently experienced a significant decline, with clear selling pressure in the market, but signs of a stop in the key support area have emerged. In the short term, it may enter a phase of consolidation, with the probability of a rebound gradually increasing.

Support and Resistance Levels:

• Support Levels: 28.50, 27.80, 27.00

• Resistance Levels: 30.50, 31.20, 32.00

Short-Term Trading Strategy:

Long Strategy:

• Entry Point: 28.50

• Add Position Point: 27.80

• Stop Loss Point: 26.90

• Take Profit Targets: 30.50, 31.20, 32.00

Short Strategy:

• Entry Point: 30.50

• Add Position Point: 31.20

• Stop Loss Point: 32.10

• Take Profit Targets: 28.50, 27.80, 27.00

$ETC

My Prediction:

Bullish. ETC is currently close to a strong support area, with limited downside potential, and a higher probability of a short-term rebound, making it suitable for a low-entry layout.

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