$ETC
Price is in a confirmed 1H downtrend, but the 15m MACD shows short-term exhaustion after a drop to 7.453. The asset is currently consolidating, creating a "sell the bounce" opportunity at resistance or a breakdown trade if support fails.
Trade Plan:
Short Bias (Primary - Trend Continuation)
· Entry: Retracement into 7.520 - 7.540 with rejection OR a 15m close below 7.450.
· Stop Loss: 7.570 (above 15m MA30).
· Take Profit: 7.418 (recent swing low), then 7.400.
Long Scalp (Secondary - High Risk)
· Entry: 15m close above 7.510 with volume.
· Stop Loss: 7.450 (below recent consolidation low).
· Take Profit: 7.560 - 7.567 (15m MA30 resistance).#EarningsSeason
#ETC
Price is in a confirmed 1H downtrend, but the 15m MACD shows short-term exhaustion after a drop to 7.453. The asset is currently consolidating, creating a "sell the bounce" opportunity at resistance or a breakdown trade if support fails.
Trade Plan:
Short Bias (Primary - Trend Continuation)
· Entry: Retracement into 7.520 - 7.540 with rejection OR a 15m close below 7.450.
· Stop Loss: 7.570 (above 15m MA30).
· Take Profit: 7.418 (recent swing low), then 7.400.
Long Scalp (Secondary - High Risk)
· Entry: 15m close above 7.510 with volume.
· Stop Loss: 7.450 (below recent consolidation low).
· Take Profit: 7.560 - 7.567 (15m MA30 resistance).#EarningsSeason
#ETC