ETC Rebound Begins to Show: Will the Bulls Make a Comeback?
Market Analysis
ETC has recently shown signs of a rebound, with trading volume increasing in the short term, indicating that market attention is gradually recovering. However, there are certain pressure areas above that require further strength from the bulls to break through, in order to open up greater upward potential. Overall, the market is still in a consolidation phase, suitable for short-term operations.
Support and Resistance Levels
• Support Levels: 27.50, 26.00, 23.50
• Resistance Levels: 29.50, 31.00, 33.50
Short-Term Trading Strategy
Long Strategy:
• Entry Point: 28.00
• Add Position Point: 27.00
• Stop Loss Point: 23.00
• Take Profit Targets: 29.50, 31.00, 33.50
Short Strategy:
• Entry Point: 29.50
• Add Position Point: 31.00
• Stop Loss Point: 34.00
• Take Profit Targets: 27.50, 26.00, 23.50
Personal Prediction
Currently, if ETC can effectively stabilize above the support level of 28.00, it is expected to challenge the resistance range of 29.50-31.00 in the short term, and if it breaks through, will further test 33.50; if it falls below 27.00, it may drop back to the support level of 26.00. It is recommended to pay attention to changes in trading volume to assist in judging the direction.
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