$ETC /USDT – WEAK RETEST AFTER SHARP DROP. BEARS STILL IN CONTROL.
REJECTION AT $17.16 FOLLOWED BY STRONG SELL-OFF
FAILED TO RECOVER ABOVE $16.66
VOLUME DECLINING ON ATTEMPTED BOUNCE
$ETC spiked into $17.16 but quickly reversed, forming a clear bearish engulfing structure. The price is now struggling to regain momentum above $16.66 and forming lower highs. A breakdown below $16.40 could lead to further downside.
🔴 SHORT TRADE SETUP
Entry: $16.55 – $16.65
Target: $15.90
Stop Loss: $16.88
Market Outlook: Bearish bias below $16.66 with a potential move toward the recent support zone.
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