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【$ETC Signal】Short position, wait for selling pressure confirmation
$ETC Price decline accompanied by high open interest indicates market logic suggests caution against main force distribution risk. The chart shows downward momentum has not exhausted, and no effective buying absorption is observed.
🎯 Direction: Short
The current pattern leans towards a bearish dominance, with price action indicating persistent selling pressure. Price decline under high open interest is more likely due to passive long liquidation or main force distribution rather than a healthy correction. Do not enter on the left side until clear reversal structures appear (such as volume-increasing bullish candles, long lower shadows) or open interest significantly decreases.
Trade 👇 $ETC
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