The decline of ETC has not stopped. Is there still hope for short-term trends?

Market Analysis

ETC is currently still in a significant correction phase, with market sentiment being low and the power comparison between bulls and bears still leaning towards bears. Although support levels have provided some backing, the overall rebound strength is limited.

Support and Resistance Levels

• Support Levels: $25.50, $24.50, $23.00

• Resistance Levels: $27.00, $28.00, $30.00

Short-term Trading Strategies

1. Long Strategy

• Entry Point: $25.50

• Add Position Point: $24.50

• Stop Loss Point: $22.90

• Take Profit Targets: $27.00, $28.00, $30.00

2. Short Strategy

• Entry Point: $27.00

• Add Position Point: $28.00

• Stop Loss Point: $30.10

• Take Profit Targets: $25.50, $24.50, $23.00

$ETC

My Prediction

In the short term, ETC is still expected to be bearish. It is recommended to pay close attention to the support levels below, as there is still a possibility for bears to exert further pressure.

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