$ETC short: price sits at 7.78 on the 4H, the line sellers must defend.
Reject 7.78 → 7.66, then 7.59.
Reclaim 7.89 → the idea is off the table.
I want to see sellers lean on it, not let price sit above it.
What backs it:
- 4H price 7.77 below EMA50 8.11, trend structure still favors sellers
- Daily below EMA200 8.23, the bigger trend is on this side
- Risk 1.5% to SL vs 2.4% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 7.762–7.782 · TP 7.702 / 7.656 / 7.586 · SL 7.888
NFA · DYOR
Reject 7.78 → 7.66, then 7.59.
Reclaim 7.89 → the idea is off the table.
I want to see sellers lean on it, not let price sit above it.
What backs it:
- 4H price 7.77 below EMA50 8.11, trend structure still favors sellers
- Daily below EMA200 8.23, the bigger trend is on this side
- Risk 1.5% to SL vs 2.4% to TP3, about 1.6R if the full move plays out
🔴 SHORT · Entry 7.762–7.782 · TP 7.702 / 7.656 / 7.586 · SL 7.888
NFA · DYOR