ETC adjusts and gathers momentum, is the support below solid?
Bears dominate, how will the rebound pressure break through?
Unlock the latest layout plan, profit opportunities should not be missed!
Market Analysis
ETC is currently trending weakly, after continuous adjustments, it is near the support area, with bearish forces temporarily in control. However, from a technical perspective, there are signs of a short-term bottoming out. If it rallies with increased volume, a rebound may be on the horizon.
Support and Resistance
• Support levels: 25.50, 24.80, 23.50
• Resistance levels: 27.00, 28.50, 30.00
Short-term Trading Strategy
1. Long Position Plan
• Entry: 25.80
• Add Position: 25.00
• Stop Loss: 23.40
• Take Profit: 27.00, 28.50, 30.00
2. Short Position Plan
• Entry: 27.00
• Add Position: 28.50
• Stop Loss: 30.20
• Take Profit: 25.80, 25.00, 23.50
My Prediction
Currently inclined to go long, with prices close to key support below. If it can stabilize, a short-term rebound is expected. It is recommended to gradually build long positions at low levels.
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