$ETC Breakdown Structure Active — Sellers Still Dominant 🔻
Short Trade Signal (Scalping):
Entry 1: 12.05 – 12.20
Entry 2: 12.45 – 12.75
TP1: 11.55
TP2: 11.10
TP3: 10.60
SL: 13.05
Leverage: 20–40x (risk-managed)
Open Trade in Future👇🏻
Spot Traders:
Avoid aggressive spot buys for now. Spot accumulation is safer only near 10.80 – 10.50, where higher-timeframe demand sits.
Why This Trade
$ETC is firmly trading inside a macro downtrend, with price consistently rejected below key resistance levels. Every bounce so far has been weak and corrective, not a trend reversal.
On the daily chart, ETC continues to print lower highs and lower lows, and price is still capped below the descending resistance zone around 12.2–12.7. The recent push toward 12.1 was rejected quickly, showing sellers are actively defending this area
Momentum remains weak, and volume does not support sustained upside. Buyers step in briefly near support, but they fail to follow through, which keeps the pressure on the downside.
Unless ETC reclaims and holds above 13.0, the path of least resistance remains lower.
Key Levels to Watch
Resistance Zones:
• 12.05 – 12.20 (immediate sell zone)
• 12.45 – 12.75 (strong rejection area)
Support Zones:
• 11.55 – 11.10 (short-term target zone)
• 10.80 – 10.50 (major HTF demand)
Pullback Zones (Best Short Entries)
If price pulls back before continuation, watch these areas for rejection:
• 12.05 – 12.20 → ideal risk-to-reward short
• 12.45 – 12.75 → strong seller interest
• Above 13.05 → bearish setup invalidated
As long as
$ETC stays below 12.75, shorts remain favored over longs.
Trade patiently, don’t chase green candles in a downtrend, and protect capital.
And yes — if you’re not following Token Talk, you’re missing these structured ETC setups before the move happens.
#ETC #USGDPDataOnChain