As everybody is still waiting for the airdrop on the March'5, ETC may have a great upside potential in the next rally. However we are not out of the woods yet and the market is moving slow. Here I am picking were conservative targets for my ETC trading.
is this really conservative for a trade to march 5?
MaximBar
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@huayang970, to be honest the market is so weak I am not completely sure. But the rally should be there before the airdrop and if you want to be even more conservative, you may consider setting your targets close to the existing top, I expect that it will be re-tested.
huayang970
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@MaximBar, yes i have noticed the weakness of the current market too, someone points out it's a bulltrap for the ascending bitcoin which we all know leads every coin, if this is true , we may face a new low for etc and that might affect our target. what do u think?
xSnorlax
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@huayang970, i'm keeping an eye on BTC too, but right now, BTC's looking pretty fragile, i believe the ETCBTC pair should still hold well compared to ETCUSD in the event BTC tanks.
MaximBar
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@huayang970, I am leaning towards a retest of 9500$ before we see a run towards 11500$, after that we will be moving sideways for a while.