Yuriy_Bishko

ETC - false breakout as a good buying opportunity!

BINANCE:ETCUSDT   Ethereum Classic / TetherUS
Ethereum Classic broke through an important key level of $46.8. A lot of liquidations took place because of this drop. At the bottom, we can see that the volume has increased, which is a signal of large liquidations. This is a good signal, liquidations are fuel for continued growth.
In case of a false breakout of the 46.8 and 42.15 levels, there might be a good buying opportunity.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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