🚨$ETC /USDT: Local Rejection Near Double-Digit Resistance — Short Setup! 📉🔴
ETC/USDT (Ethereum Classic) has posted a strong move, pushing up +11.68% to hit a 24-hour peak of 10.42 before pulling back below the $10 psychological level. On the daily chart, price remains extended above core EMA levels with RSI entering overbought territory, signaling potential exhaustion and a retest of underlying support.
Here is the high-engagement SHORT Trade Setup:
📌 Technical Highlights
* Timeframe: Daily (1D) Chart
* RSI (6): 73.99 🔥 (Overbought zone with signs of a top forming near $10.42).
* Key Resistance: 10.42 (24h high and key overhead rejection level).
* Moving Averages: Price is trading well above EMA(7) [8.91], EMA(25) [8.12], and EMA(99) [7.60]—a mean reversion back toward EMA support is technically favored.
* Volume Spike: Strong breakout volume (2.19M ETC / 21.02M USDT) testing major supply above $10.00.
🎯 Trading Plan (Short Setup)
* 🔴 Entry Zone: 9.85 – 10.20 (Look for rejection signs on 15m/1h timeframes)
* 🛑 Stop Loss (SL): 10.65 (Above the recent spike high with buffer)
* 🎯 Take Profit 1 (TP1): 9.12 (First intermediate support target)
* 🎯 Take Profit 2 (TP2): 8.90 (EMA 7 Support Re-test)
* 🎯 Take Profit 3 (TP3): 8.12 (EMA 25 Major Support Target)
⚠️ Risk Warning: Layer 1 assets can extend moves on broader market momentum! Manage position size carefully and always enforce stop losses.
💬 Are you shorting ETC at these levels or waiting for another push to $10.20? Let me know below! 👇
#Crypto #BinanceSquareFamily #TradingSignals💹💬 #ETC #EthereumClassic #TechnicalAnalysiss #ShortSetup
ETC/USDT (Ethereum Classic) has posted a strong move, pushing up +11.68% to hit a 24-hour peak of 10.42 before pulling back below the $10 psychological level. On the daily chart, price remains extended above core EMA levels with RSI entering overbought territory, signaling potential exhaustion and a retest of underlying support.
Here is the high-engagement SHORT Trade Setup:
📌 Technical Highlights
* Timeframe: Daily (1D) Chart
* RSI (6): 73.99 🔥 (Overbought zone with signs of a top forming near $10.42).
* Key Resistance: 10.42 (24h high and key overhead rejection level).
* Moving Averages: Price is trading well above EMA(7) [8.91], EMA(25) [8.12], and EMA(99) [7.60]—a mean reversion back toward EMA support is technically favored.
* Volume Spike: Strong breakout volume (2.19M ETC / 21.02M USDT) testing major supply above $10.00.
🎯 Trading Plan (Short Setup)
* 🔴 Entry Zone: 9.85 – 10.20 (Look for rejection signs on 15m/1h timeframes)
* 🛑 Stop Loss (SL): 10.65 (Above the recent spike high with buffer)
* 🎯 Take Profit 1 (TP1): 9.12 (First intermediate support target)
* 🎯 Take Profit 2 (TP2): 8.90 (EMA 7 Support Re-test)
* 🎯 Take Profit 3 (TP3): 8.12 (EMA 25 Major Support Target)
⚠️ Risk Warning: Layer 1 assets can extend moves on broader market momentum! Manage position size carefully and always enforce stop losses.
💬 Are you shorting ETC at these levels or waiting for another push to $10.20? Let me know below! 👇
#Crypto #BinanceSquareFamily #TradingSignals💹💬 #ETC #EthereumClassic #TechnicalAnalysiss #ShortSetup