Bearish strike on $ETC : taking profit on the short! ⚡️
When the global market sets tough rules, any attempts by buyers to break the momentum are met with serious resistance.
On the higher time frame (4h), hourly (1h), and lower time frame (15m) charts, the structure has formed a bearish reversal (CHoCH/BOS) with Order Flow prioritized in the sell zone.
Price is holding below the key support, forming local lows (LL), which confirms sellers’ dominance and the relevance of short positions on a retest of the resistance zone.
📉 Trading setup:
Entry Zone: 7.45 – 7.55 (build the short position as the price locally corrects toward the order-block zone and mirrored resistance).
TP: 7.10 (profit-taking at the nearest support level of the higher time frame).
SL: Above 7.65 (a price hold above the specified level will break the bearish structure and invalidate the trading idea).
💬 Do you trade with the trend, or do you prefer risky pullbacks? Share your thoughts in the comments!
🚀 Перейти к торговле 👇
#ETC #cryptotrading #TechnicalAnalysis
When the global market sets tough rules, any attempts by buyers to break the momentum are met with serious resistance.
On the higher time frame (4h), hourly (1h), and lower time frame (15m) charts, the structure has formed a bearish reversal (CHoCH/BOS) with Order Flow prioritized in the sell zone.
Price is holding below the key support, forming local lows (LL), which confirms sellers’ dominance and the relevance of short positions on a retest of the resistance zone.
📉 Trading setup:
Entry Zone: 7.45 – 7.55 (build the short position as the price locally corrects toward the order-block zone and mirrored resistance).
TP: 7.10 (profit-taking at the nearest support level of the higher time frame).
SL: Above 7.65 (a price hold above the specified level will break the bearish structure and invalidate the trading idea).
💬 Do you trade with the trend, or do you prefer risky pullbacks? Share your thoughts in the comments!
🚀 Перейти к торговле 👇
#ETC #cryptotrading #TechnicalAnalysis
