$ERA
- Current price: 0.9931
- 24-hour resistance: 1.0407
- Support: 0.9522
- There is a clear rebound from the bottom of 0.2000 and a strong rise afterward.
- The SAR indicator is still above the price, indicating that the trend is still bearish in the short term.
- The KDJ indicator shows a bullish crossover, which is a positive signal for a potential rebound.
My technical opinion:
The market appears to be in a recovery phase, especially after the long shadow candle from 0.2000 to above 0.99. However, confirmation of the breakout still requires:
- Closing a 1-hour or 4-hour candle above 1.00
- Continuous increasing trading volume
Summary:
- Potential trend: Up, provided there is confirmation above 1.00
- Entry point: 0.99 – 1.00
- Stop loss: Below 0.9520
- First target: 1.02
- Second target: 1.04
Monitor the resistance at $1.00 closely, as failing to break through could cause a quick rejection downwards.