ETC has faced consistent price rejections near $15.60, a key bearish zone. Can sellers exploit it for another shorting gain?
faced price rejection at $26.4k at press time and retreated to the range-low of $25.7k.
The H4 50-EMA of $15.5 existed below the invalidated bullish OB. Ergo, the area above $15.5 could be a solid bearish zone. So, a likely rebound at the range-low of $15.20 could face another price rejection at the range-high.
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