$ETC - Configuration « LONG »
The price stays above the exponential moving averages (EMA) 34 and 89 over 30 minutes, and that specific detail particularly catches my attention. It indicates that short-term buyers remain in control, even if the higher timeframes are still bullish; therefore, the pullbacks seem more like trend continuation rather than a reversal. The level at 8.43 is the inflection point of this strategy. If this level breaks, my optimism will weaken quickly. In the meantime, I remain with the trend.
Entry: 8.41 - 8.43
Stop loss: 8.29
Price targets: 8.55 - 8.65 - 8.8
⚠️ Personal market analysis, not investment advice. Do your own research (DYOR).
The price stays above the exponential moving averages (EMA) 34 and 89 over 30 minutes, and that specific detail particularly catches my attention. It indicates that short-term buyers remain in control, even if the higher timeframes are still bullish; therefore, the pullbacks seem more like trend continuation rather than a reversal. The level at 8.43 is the inflection point of this strategy. If this level breaks, my optimism will weaken quickly. In the meantime, I remain with the trend.
Entry: 8.41 - 8.43
Stop loss: 8.29
Price targets: 8.55 - 8.65 - 8.8
⚠️ Personal market analysis, not investment advice. Do your own research (DYOR).
