$ETC Rejected at Resistance – Short Opportunity in Play
$ETC is showing a strong rejection from the $22.40 resistance zone after multiple failed breakout attempts. The price is now trading at $22.15, indicating sellers are gaining control. If it stays below $22.20, a drop toward $21.70 support is likely. Bears may look for continuation if momentum holds.
Trade Setup (Short Bias):
Entry: $22.15 – $22.25
Stop Loss: Above $22.45
Target: $21.70