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$ETC
A long liquidation on ETC signals that bullish positions were forced to close, increasing short-term selling pressure and volatility. The $3.94K liquidation suggests leveraged longs have been flushed, placing greater importance on the current support zone.
EP
$6.72 – $6.82
TP
TP1: $7.00
TP2: $7.25
TP3: $7.60
SL
$6.55
Support: $6.70 – $6.75
Resistance: $7.00 – $7.25
Next Target: $7.60 if ETC reclaims $7.00 with strong buying volume and sustained momentum. A failure to hold support could trigger another liquidity sweep before a meaningful recovery develops.
Price is consolidating near a key demand area after the liquidation event. A confirmed bounce from support and a breakout above resistance would strengthen the bullish recovery scenario.
$ETC