$ETC /USDT โ Long Trade Setup ๐
ยฐ
Direction: LONG ๐ข
๐ Entry Zone: $8.33 โ $8.65 [2, 3]
Optimal entry is near the primary support level of $8.33-$8.69 where aggressive buying has been noted.
Strategic Targets:
๐ฏ TP 1: $8.93
Matches immediate resistance and the EMA20 level.
๐ฏ TP 2: $9.64
Main resistance point and a strong confluence of historical sell volume.
๐ฏ TP 3: $10.56
Targets a breakout toward the Supertrend resistance level.
๐ Stop Loss (SL): $7.85
๐ธ Placed below secondary support and the Fibonacci 0.618 retracement to protect against deep liquidity hunts.
Market Analysis Summary
๐ธ Trend: The overall market structure for ETC remains short term bearish, trading below key moving averages like the EMA20.
๐ธ Support & Resistance: Strong buyer interest is concentrated around $8.69, but a break below this could see a quick drop to $7.96.
๐ธ Catalyst: The market is closely watching Bitcoin ($BTC); a breakout above $68,914 for BTC could provide the necessary momentum for ETC to reach the higher targets.
๐ธ Long-term Outlook: Analysts anticipate significant volatility in 2026, with some targeting a recovery to $30 or higher by year-end, contingent on the "Olympia" protocol upgrade.
#KevinWarshNominationBullOrBear
