🚨 #ETC : Is a Massive Short Squeeze Approaching?👇
Ethereum Classic is trading near $7.16 after an 18.9% monthly decline. Short whales outnumber longs by 1.68x, while approximately 1.54 million ETC in short exposure reportedly sits near the $7.71 inflection zone. A breakout could trigger aggressive short covering.
Watch $6.80 support and $7.50 resistance. A volume-backed breakout above $7.50 could open the path toward $7.90. However, the bearish 4H structure demands caution. Losing $6.45 would weaken the recovery outlook.
Note : Watch $7.71 for a potential momentum shift.
$ETC #CoinVahini #EthereumClassic #ShortSqueeze #CryptoTrading
Ethereum Classic is trading near $7.16 after an 18.9% monthly decline. Short whales outnumber longs by 1.68x, while approximately 1.54 million ETC in short exposure reportedly sits near the $7.71 inflection zone. A breakout could trigger aggressive short covering.
Watch $6.80 support and $7.50 resistance. A volume-backed breakout above $7.50 could open the path toward $7.90. However, the bearish 4H structure demands caution. Losing $6.45 would weaken the recovery outlook.
Note : Watch $7.71 for a potential momentum shift.
$ETC #CoinVahini #EthereumClassic #ShortSqueeze #CryptoTrading