$ETC Testing Supply — Bearish Divergence Forming
$ETC is currently pushing into a heavy overhead resistance zone. While we've seen a minor bounce, the price action suggests this is merely a setup for a fade rather than a true breakout.
The rally back into prior supply lacks expanding momentum, and the overall structure remains notably corrective. Buyers are struggling to maintain sustained strength, with upside attempts being consistently absorbed by sellers. As long as this zone is defended, a rotation toward deeper liquidity levels is the higher-probability outcome.
Trading Plan — Short $ETC
Entry Zone: 9.65 – 9.95
Stop Loss (SL): 10.60
Take Profit 1 (TP1): 9.05
Take Profit 2 (TP2): 8.45
Take Profit 3 (TP3): 7.85
Trade $ETC here 👇