I knew $ETC ‌ was moving way too fast to not have a catch.

Look at that 1h chart. We had a massive vertical run up to 9.79, but the rejection there was pretty sharp. Right now it’s sitting at 9.34 and struggling to find its footing after that parabolic move.
The price action is creating a bit of a lower high situation here. If we can't reclaim that 9.51 level soon, I'm expecting a deeper pullback toward the 8.80 support area where the breakout originally started.
The order book is still slightly leaning bullish at 56%, but the momentum is clearly cooling off. Don't get trapped buying the local top if the volume doesn't step back in to support this level.

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