$ETC /USDT BEARISH SETUP – STRUGGLING BELOW KEY LEVELS ⚠️📉
📉 Current Price: $16.71 (–0.24%)
📊 24h Range: Low $16.46 – High $16.84
📦 24h Volume: 263.9K ETC | 4.41M USDT
🪙 Category: Layer 1 – Weak short-term structure
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🔍 PRICE PERFORMANCE SNAPSHOT:
Today: +0.48%
7 Days: –2.68%
30 Days: –11.17%
90 Days: –4.95%
180 Days: –51.41%
1 Year: –31.28%
➡️ Overall trend remains bearish, with ETC trading in a downward channel and unable to reclaim key resistance levels.
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🔑 KEY LEVELS TO WATCH:
✅ Support Zones:
$16.30 – Immediate support (watch for breakdown)
$16.00 – Psychological level
$15.50 – Strong structural support
❌ Resistance Zones:
$16.90 – Intraday resistance
$17.50 – Key breakout level
$18.50 – Mid-term resistance
$20.00 – Major psychological barrier
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🔻 TRADE SETUP (SHORT):
📍 Entry: $16.70 – $16.90
🎯 Targets:
TP1: $16.30
TP2: $15.50
TP3: $14.80
🛑 Stop Loss: $17.50 (Above key resistance)
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⚖️ RISK MANAGEMENT TIP:
🔸 Risk only 1–2% of capital
🔸 If volume increases on downside, hold for lower targets
🔸 Use trailing SL once TP1 is hit to protect profits
📉 ETC is showing signs of weakness with consistent lower highs. Avoid chasing unless it breaks above $17.50 with volume. Caution advised! 🛑
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