Can ETC regain its glory?
The key price range has already emerged, and a battle between bulls and bears is underway!
Quickly review the next strategy and seize trading opportunities!
Market Analysis:
ETC's price has recently continued its downward trend but has shown some support signs in the bottom area. Currently, market trading activity is relatively low, but technical indicators suggest that both bulls and bears may soon enter a tug-of-war phase, with a high likelihood of increased short-term volatility.
Support and Resistance Levels:
• Support Levels: 24.50, 24.00, 23.50
• Resistance Levels: 25.50, 26.00, 27.00
Short-term Trading Strategy:
Going Long:
• Entry Point: 24.70
• Add Position Point: 24.20
• Stop Loss Point: 23.40
• Take Profit Targets: First Target 25.50; Second Target 26.00; Third Target 27.00
Going Short:
• Entry Point: 25.50
• Add Position Point: 26.00
• Stop Loss Point: 27.20
• Take Profit Targets: First Target 24.50; Second Target 24.00; Third Target 23.50
My Prediction:
In the short term, ETC is expected to test the support level around 24.50 and attempt a rebound after stabilizing at this level. It is advised to focus on going long while strictly controlling risk.
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