$ETC Short Trade Signal Analysis
Price action shows a clear rejection at the $24.50 resistance zone, with $ETC forming a lower high after failing to break higher during the 08:00 and 10:00 sessions on July 23. The subsequent drop below $24.00 has confirmed bearish momentum, supported by declining volume on rebounds and increasing selling pressure near highs.
With no fundamental catalysts and technical weakness setting in, a short position below $24.00 is valid, targeting $23.50 with a stop-loss above $24.35.
Entry: Below $24.00
Target: $23.50
Stop-loss: Above $24.35
Risk-Reward Ratio: ~1:2
