$ETC juste faced a LONG LIQUIDATION of around $9.37K at $6.427, flushing leveraged buyers and clearing excessive long positions. This liquidation pressure can create a potential recovery setup if buyers step in around key support zones.
Current Market Structure: Short-term bearish after liquidation, with rebound potential.
Key Levels
Current Trigger: $6.427
Support: $6.30 - $6.20
Major Support: $6.00
Resistance: $6.55 - $6.70
Breakout Level: $6.70
Trade Setup
Entry: Above $6.55 with strong volume confirmation
Stop Loss: Below $6.20
Take Profit Targets
TP1: $6.70
TP2: $6.90
TP3: $7.10
TP4: $7.30
$ETC needs to recover key resistance levels to confirm bullish momentum. Wait for confirmation as liquidation zones often bringo
#Fed tightens lending standards #US-Japan yen intervention #Coldcard hack triggers BTC transfers #Runware unveils AI inference pods
