"ETC bulls and bears are in fierce competition, how to choose the short-term direction?"
Market analysis:
ETC peaked at around 35.27 and then fell back. It is currently in a narrow range of fluctuations, with bulls and bears confronting each other. The upper pressure is large and the trend is weak, but the lower support is also relatively stable, and there is still an opportunity for range operation in the short term.
Support and resistance levels:
• Support levels: 32.00, 30.50, 27.95
• Resistance levels: 33.50, 34.60, 36.50
Short-term trading strategy:
Buy strategy:
• Opening point: 32.00
• Adding position: 30.50
• Stop loss point: 27.50
• Take profit target: 33.50, 34.60, 36.50
• Position allocation: 50%-30%-20%
Short strategy:
• Opening point: 33.50
• Adding position: 34.60
• Stop loss point: 36.70
• Take profit target: 32.00, 30.50, 27.95
• Position allocation: 50%-30%-20%
My prediction:
ETC will continue to fluctuate around the range in the short term. Under weak market sentiment, it is recommended to short at highs and pay attention to the entry point near 33.50.
[I will share the analysis of mainstream coins and altcoins with my brothers every day. You can click on the coin pair label in the article to trade. I wish my brothers and sisters to make a lot of money! ]
