Ethereum Classic: Will sellers get another shorting opportunity?
ETC has faced consistent price rejections near $15.60.
Long positions were discouraged based on liquidation data.
Ethereum Classic [ETC] has been stuck in a narrow price consolidation of $15.20 – $12.60 in September. Traders could target range extremes for profit if the range extends.
In the meantime, Bitcoin [BTC] faced price rejection at $26.4k at press time and retreated to the range-low of $25.7k.
If BTC defends the range-low and reverses recent losses, ETC could edge higher to its sticky $15.60 roadblock. Another price rejection at the $15.60 roadblock could present a shorting opportunity.
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