$ETC grinding back into heavy overhead resistance — this looks more like a fade than a breakout.
Trading Plan — Short $ETC
Entry: 9.65 – 9.95
SL: 10.6
TP1: 9.05
TP2: 8.45
TP3: 7.85
$ETC has pushed into prior supply, but the move lacks real expansion. Momentum isn’t building with strength it’s stalling. Each attempt higher is getting absorbed, and buyers aren’t showing the kind of follow through needed to flip structure.
The bounce feels corrective inside a broader weak framework. Instead of impulsive continuation, we’re seeing hesitation and fading pressure near resistance. That’s typically where liquidity gets taken before rotation.
As long as this zone holds and sellers continue defending overhead supply, the probability favors downside rotation toward deeper liquidity pockets. If momentum remains capped, fading strength into resistance offers the better risk to reward setup.
