$ETC /USDT Technical Analysis $ETC
Current Price: 12.25 USDT
24h Change: -2.31% (mild bearish)
24h High: 12.71
24h Low: 12.10
24h Volume: Good (healthy market activity)
🔍 Market Structure
Price was rejected near 12.70
Now trading near intraday support
This is a pullback, not a strong dump
Market is in short-term consolidation
📈 Indicator-Based View
❌ MA / EMA
Price is below short-term EMA
EMA slope slightly down → short-term weakness
Trend turns bullish only if price reclaims 12.45–12.50
⚠️ Volume (VOL)
Volume is stable
No panic selling → sellers are not strong
📉 MACD (Likely)
MACD slightly below signal line
Bearish momentum is weakening
Bounce possible from support zone
🧱 Key Support & Resistance Levels
🟢 Support Zones (Important)
12.10 – 12.00 → strong support
11.85 – 11.90 → next support if breakdown
If 12.00 breaks → expect deeper pullback
🔴 Resistance Zones
12.45 – 12.50
12.65 – 12.70 (major resistance)
Strong breakout only above 12.70
🧠 Smart Trading Scenarios
🟢 Scenario 1: Support Bounce (High Probability)
Price holds above 12.10
Bounce toward 12.45–12.60
Good for short-term scalp
🔴 Scenario 2: Support Breakdown
If 12.00 breaks with volume
Price may fall to 11.85
Avoid buying during breakdown
🟡 Scenario 3: Range Market
Likely range: 12.10 – 12.60
Suitable for scalpers only
⚠️ Risk Management Tips
Avoid buying red candles
Wait for 15m or 1h candle confirmation
Use stop-loss below 11.95 if entering long
✅ Simple Conclusion
Trend: Short-term bearish / sideways
Best buy zone: Near 12.10 after confirmation
Best sell zone: 12.50 – 12.65
Patience is key — don’t chase
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