Short $ETC : price sits at the 8.388–8.414 4H resistance.
Reject 8.41 → 8.24, then 8.15.
Reclaim 8.56 → the idea is off the table.
I'm watching sellers defend this zone. No defense, no short.
What backs it:
- 4H price 8.40 below EMA50 8.77, trend structure still favors sellers
- Risk 1.9% to SL vs 3.0% to TP3, about 1.6R if the full move plays out
- 1H RSI 47, momentum neutral, room to roll over
🔴 SHORT · Entry 8.388–8.414 · TP 8.307 / 8.244 / 8.150 · SL 8.558
NFA · DYOR
Reject 8.41 → 8.24, then 8.15.
Reclaim 8.56 → the idea is off the table.
I'm watching sellers defend this zone. No defense, no short.
What backs it:
- 4H price 8.40 below EMA50 8.77, trend structure still favors sellers
- Risk 1.9% to SL vs 3.0% to TP3, about 1.6R if the full move plays out
- 1H RSI 47, momentum neutral, room to roll over
🔴 SHORT · Entry 8.388–8.414 · TP 8.307 / 8.244 / 8.150 · SL 8.558
NFA · DYOR