$ERA
ERA/USDT - Sell Signal (Weak Bullish Momentum)
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▶ Entry (Sell): 0.799 - 0.805
✅ Take Profit 1: 0.786
✅ Take Profit 2: 0.777
⛔ Stop Loss: 0.810
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📊 Multi-Timeframe Analysis:
· 4H: Strong Downtrend (price below EMA 50 and 200) with resistance at 0.840
· 1H: Formation of a peak at 0.800 with selling pressure on indicators
· 15M: RSI 7 reaching 59.38 (close to overbought) with declining volume
🎯 Entry Triggers:
· Price bounce from the resistance area 0.805 (EMA 9 on 15M)
· Negative divergence on MACD across timeframes
⚠️ Alternative Scenario (Buy):
If the price breaks 0.810 ⇒ targets 0.825 (1H Resistance)
📉 Summary:
Sell from current levels targeting 0.777 while monitoring the support test at 0.786.
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Note:
· Risk/Reward Ratio: 1:2.1
· The currency is in a descending channel on the medium term
· Monitor overall market performance for any change in momentum
