LIVE#ETCUSDT 1D Analysis:-
Retested the zone of breakout, an horizontal level of support, expecting to see a pump from here.
In the daily chart of the $ETCUSDT pair, we can observe that price action has revisited the zone of breakout. This zone is characterized by a horizontal level of support, which is expected to hold and potentially trigger a pump in the future.
In this case, the fact that price has retested the breakout zone suggests that there is still interest and buying pressure in the market. Traders who missed the initial breakout may view this pullback as an opportunity to enter long positions, anticipating a potential pump from this level.
Traders should always exercise caution and implement risk management strategies when entering positions.
