We're going to watch ETC close from now on. It just retraced the full amount of that run. There are two likely scenarios here:
1) We can now call this whole run wave 1
2) We are still in correction from previous ATH
I'm still bullish long-term. Short-term I'm neutral. Do we sell now? HELL NAH, people are panic selling, you may see it go lower again, but we'll bounce. We're getting too oversold for it not to bounce.
Now everyone say my golden rule with me:
"Based on the MOST relevant timeline, we never sell in oversold conditions, and we never buy in overbought conditions."
When things settle, I will probably upload new targets, as they may now be higher than previous (IF we aren't still in correction mode). I'm still in the trade and I'm losing money too, but no way am I panicking right now.