$ETC – BEARISH SETUP FORMING!
$ETC has been sliding lower since the rejection at $21.83, with sellers firmly in control. The bounce from $20.42 up to the current $20.96 level looks weak, as the recovery is already stalling near resistance around $21.00 – $21.10. Red volume spikes during the drop show stronger selling pressure compared to the recent green candles, signaling that bears are likely to step back in. If ETC fails to hold $20.70, another leg down toward $20.40 or even lower is on the table.
🔻 Short Trade Setup
Entry: $20.90 – $21.00
Target 1: $20.70
Target 2: $20.40
Stop Loss: Above $21.30
The structure remains bearish, with each failed rebound strengthening the case for further downside.