I already entered this ETC trade: short.
Current price 8.5600—follow your own stop-loss.
Plan as follows—short at current price 8.5600, stop-loss 8.7482, and if price moves above it, admit the mistake.
· Support at 8.13 below—if it drops near there, someone will likely buy.
· Resistance at 8.62 above—if it rises near there, it’s likely to be sold off.
How to do it (short):
· Entry: short directly at 8.5600
· Stop-loss: 8.7482 (lose 2.2% and exit—don’t hold and fight)
· Take-profit: 8.1300 (first target—when it hits, cut half first)
· Position: try with 1–2% of your funds first; don’t go all-in.
⚠️ The 4H higher-timeframe trend is still slightly bullish—this trade is against the bigger trend: cut the position in half, and don’t move the stop-loss.
(The win rate is based on historical stats and isn’t guaranteed. Always use a stop-loss and control your position size.)
This is for myself, and also for you guys, as a recap.
$ETC current price 8.56: the trend has already turned bearish, with all moving averages stacked above the head. In this structure, going long is going against the trend. My plan: short at 8.56, stop-loss 8.75, target 8.13.
Funding rate +0.0100%—long and short are fairly balanced; it’s not extreme.
The short-term range is very clear: support 8.13 and resistance 8.62. For a short, treat resistance as the line of defense.
If it falls to 8.13, don’t get greedy—take half profits/close half first. If it pulls back but doesn’t break above, then consider adding back.
Price is still above the 20-day line at 8.42, but it’s very close. If it breaks below, that’s when the bears can really act.
24h volume 4.3M—there’s still momentum/volume, which suggests funds haven’t left.
Let’s do the math: down to support 8.13 is about 5.0%, up to resistance 8.62 is about 0.7%. The upside/downside ratio favors the risk, so it’s worth doing.
If 8.13 breaks through, don’t rush to exit—there’s still a level at 7.09 below.
If you find this useful, share/forward it to friends who are still in a loss.
#ETC #以太经典 #K-line analysis
$ETC
Current price 8.5600—follow your own stop-loss.
Plan as follows—short at current price 8.5600, stop-loss 8.7482, and if price moves above it, admit the mistake.
· Support at 8.13 below—if it drops near there, someone will likely buy.
· Resistance at 8.62 above—if it rises near there, it’s likely to be sold off.
How to do it (short):
· Entry: short directly at 8.5600
· Stop-loss: 8.7482 (lose 2.2% and exit—don’t hold and fight)
· Take-profit: 8.1300 (first target—when it hits, cut half first)
· Position: try with 1–2% of your funds first; don’t go all-in.
⚠️ The 4H higher-timeframe trend is still slightly bullish—this trade is against the bigger trend: cut the position in half, and don’t move the stop-loss.
(The win rate is based on historical stats and isn’t guaranteed. Always use a stop-loss and control your position size.)
This is for myself, and also for you guys, as a recap.
$ETC current price 8.56: the trend has already turned bearish, with all moving averages stacked above the head. In this structure, going long is going against the trend. My plan: short at 8.56, stop-loss 8.75, target 8.13.
Funding rate +0.0100%—long and short are fairly balanced; it’s not extreme.
The short-term range is very clear: support 8.13 and resistance 8.62. For a short, treat resistance as the line of defense.
If it falls to 8.13, don’t get greedy—take half profits/close half first. If it pulls back but doesn’t break above, then consider adding back.
Price is still above the 20-day line at 8.42, but it’s very close. If it breaks below, that’s when the bears can really act.
24h volume 4.3M—there’s still momentum/volume, which suggests funds haven’t left.
Let’s do the math: down to support 8.13 is about 5.0%, up to resistance 8.62 is about 0.7%. The upside/downside ratio favors the risk, so it’s worth doing.
If 8.13 breaks through, don’t rush to exit—there’s still a level at 7.09 below.
If you find this useful, share/forward it to friends who are still in a loss.
#ETC #以太经典 #K-line analysis
$ETC
