ETC, A Nice Shorting Opportunity
Updated
Even though we are near a significant support 
ETC shows a strong downtrend energy and I believe we can take some risk to harness it. So let's Short ETC.
We can watch these levels for a reversal:
But I suggest you to follow the trend and see where it goes before its energy exhausts.
And as usual, let's be humble and admit that we can be wrong. The best way to express this is setting a Stop Loss. Mine would be at 0.0025081.
ETC shows a strong downtrend energy and I believe we can take some risk to harness it. So let's Short ETC.We can watch these levels for a reversal:
- 0.00185
- 0.001325
But I suggest you to follow the trend and see where it goes before its energy exhausts.
And as usual, let's be humble and admit that we can be wrong. The best way to express this is setting a Stop Loss. Mine would be at 0.0025081.
Note
DISCLAIMER: Please note that my trading approach is trend following. I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts.Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.
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