WAIT & SEE / SELL ON RALLY (Counter Trend Scalp)
Why not go LONG right away? Because the 1H is still bearish, and chasing a LONG on the 4H when it’s already near the upper band is high risk.
Scenario A - SELL (Favorite Setup - In Line with the 1H Trend)
- Entry Area: 8,200 - 8,300 (Near the 4H Upper Bollinger Band = 8,216 + the 1H Middle Bollinger Band = 8,285)
- This is a rejection area + confluence
- SL: 8,450 (above the 1H MB + a small buffer)
- TP1: 7,850 (4H MB)
- TP2: 7,500 (Lower area)
- R:R around 1 : 1.5
Scenario B - BUY (Only with confirmation)
- Requirement: The 1H price must CLOSE above 8,285 (1H Bollinger MB) + the 1H MACD crosses bullish.
- Only then look for a BUY
- Entry: 8,320 - 8,350 (retest of the 1H MB)
- SL: 8,050
- TP: 8,700 - 9,000
Key Risk Management:
$ETC
This is volatile, so don’t use high leverage. This is an old coin; its price movements often follow $BTC and $ETH, but are wilder. DYOR
Do you think ETC will keep bouncing toward 9k, or get held back at 8.2k first? Share your analysis in the comments. #ETC
Why not go LONG right away? Because the 1H is still bearish, and chasing a LONG on the 4H when it’s already near the upper band is high risk.
Scenario A - SELL (Favorite Setup - In Line with the 1H Trend)
- Entry Area: 8,200 - 8,300 (Near the 4H Upper Bollinger Band = 8,216 + the 1H Middle Bollinger Band = 8,285)
- This is a rejection area + confluence
- SL: 8,450 (above the 1H MB + a small buffer)
- TP1: 7,850 (4H MB)
- TP2: 7,500 (Lower area)
- R:R around 1 : 1.5
Scenario B - BUY (Only with confirmation)
- Requirement: The 1H price must CLOSE above 8,285 (1H Bollinger MB) + the 1H MACD crosses bullish.
- Only then look for a BUY
- Entry: 8,320 - 8,350 (retest of the 1H MB)
- SL: 8,050
- TP: 8,700 - 9,000
Key Risk Management:
$ETC
This is volatile, so don’t use high leverage. This is an old coin; its price movements often follow $BTC and $ETH, but are wilder. DYOR
Do you think ETC will keep bouncing toward 9k, or get held back at 8.2k first? Share your analysis in the comments. #ETC