ETC Reaches a Critical Moment! Oscillation Area Hides Rebound Opportunities

Core Highlights: Short-term adjustments are not over; waiting for support to bottom out and rebound

Strategy Interpretation: Precise point layout to seize the best rebound opportunity

Market Analysis:

ETC has recently maintained a downward trend, repeatedly testing low support levels, and there is a possibility of continued adjustments in the short term. The trading volume is not strong, and bullish momentum is insufficient, but the key support area below may become a turning point for a rebound. Currently, it is suitable to ambush at low positions for subsequent rebounds.

Three Support Levels and Three Resistance Levels:

• Support Levels: 24.80, 24.50, 24.20

• Resistance Levels: 25.50, 26.00, 26.50

Short-term Trading Strategy:

Long Position:

• Opening Point: 24.85

• Add Position Point: 24.55

• Stop Loss Point: 24.15

• Take Profit Targets: First Target 25.50; Second Target 26.00; Third Target 26.50

Short Position:

• Opening Point: 25.50

• Add Position Point: 26.00

• Stop Loss Point: 26.60

• Take Profit Targets: First Target 24.80; Second Target 24.50; Third Target 24.20

My Prediction:

ETC is mainly forming a bottom through oscillation in the short term, and a strong rebound is expected near the support levels, suitable for buying on dips. Short positions need to be cautious, focusing on high resistance situations.

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