ETCUSDT.P:short setup from daily support 13.425

4 giorni fa

ETCUSDT.P is dropping alongside Bitcoin. Currently, the price has hit a strong level and started "grinding" it. While this is typically a messy signal, there is structure within this chop, as a clear local level has formed at 13.425, offering a potential short setup. Although the asset has already covered a significant range today, I am keeping it on watch. If the price continues to consolidate tightly without pulling away, or if we see a weak correction followed by a smooth re-approach, I will await my entry trigger.

Key factors for this scenario:

• Global & local trend alignment
  
• Price void / low liquidity zone beyond level
  
• Correlation with the market
  
• Volatility contraction on approach
  
• Immediate retest
  
• Prolonged consolidation
  
• No reaction after a false break
  

Factors that contradict this scenario:

• Exhaustive move (approaching from afar)
  

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3 giorni fa

Trade chiuso: obiettivo raggiunto

Not on the first try, but the target has been reached.