$ETC (Ethereum Classic) is building a clean higher-high structure on the 4H timeframe, breaking through local resistance near $8.00.
Instead of chasing the current expansion candle, the disciplined move is mapping out where buyers are likely to defend the trend if a retest occurs.
Here is how to break down this market structure setup:
Key Levels & Execution Logic:
• Key Demand / Interest Zone ($7.70 - $7.80): This is the previous consolidation zone and higher-low origin. A pullback into this region with wick rejections offers a low-risk entry window.
• Target 1 ($8.50): Next major resistance level and liquidity pool to scale out profits.
• Invalidation (Below $7.50): A 4H candle close below $7.50 invalidates the immediate bullish structure, signaling a deeper correction.
Educational Takeaway:
Patience beats FOMO every single time. Wait for price to pull back to flipped support levels rather than buying market orders at resistance.
Are you looking for a retest around $7.70, or waiting for a clean 4H close above $8.20? 👇
#TechnicalAnalysis #CryptoTrading #Binance #Crypto #PriceAction
Instead of chasing the current expansion candle, the disciplined move is mapping out where buyers are likely to defend the trend if a retest occurs.
Here is how to break down this market structure setup:
Key Levels & Execution Logic:
• Key Demand / Interest Zone ($7.70 - $7.80): This is the previous consolidation zone and higher-low origin. A pullback into this region with wick rejections offers a low-risk entry window.
• Target 1 ($8.50): Next major resistance level and liquidity pool to scale out profits.
• Invalidation (Below $7.50): A 4H candle close below $7.50 invalidates the immediate bullish structure, signaling a deeper correction.
Educational Takeaway:
Patience beats FOMO every single time. Wait for price to pull back to flipped support levels rather than buying market orders at resistance.
Are you looking for a retest around $7.70, or waiting for a clean 4H close above $8.20? 👇
#TechnicalAnalysis #CryptoTrading #Binance #Crypto #PriceAction
