ERA Short signal alert
✅ Short Plan:
Entry: Around $1.26
Stop Loss: $1.31
Take Profit: $1.20 – $1.18
full analysis
🔍 Timeframe: 1 Hour (1H)
Current Price: $1.2537
24h High: $1.5563
24h Low: $1.2120
Change: -19.38% (Heavy drop)
📉 Trend & Candle Analysis:
Continuous downward candles — very weak price action.
Price is trading below both MA(7) and MA(25) → Confirmed Downtrend
📊 Indicator Summary:
✅ RSI (6): 28.32
RSI is below 30 → Oversold Zone
Slight bounce possible but no clear sign of reversal yet
✅ MACD: -0.0007
MACD & Signal Line both are below zero with bearish crossover.
Momentum remains strongly bearish
✅ Volume:
Volume is low → No strong buyer interest showing up yet.
📌 Conclusion & Trade Plan:
🔴 SHORT is more favorable
Trend is clearly downward
RSI oversold, but recovery is weak
MACD confirms bearish strength
✅ Short Plan:
Entry: Around $1.26
Stop Loss: $1.31
Take Profit: $1.20 – $1.18
⚠️ If you want to go Long (High Risk Only):
Only for scalping, not safe for holding
Entry: $1.23 – $1.24
Stop Loss: $1.20
Target: $1.29 – $1.31
(But the main trend is still down, so be cautious)
📢 Verdict:
> "Short looks better right now — but never forget your stop loss."
