Trading Strategy for $ERN /USDT
#possible_breakout_maybe_coming
Long (Buy) Trade
Entry Price: $1.45 - $1.49
Target Level: $1.60 - $1.65
Stop Loss: $1.37
Key Breakout Level: $1.51
Short (Sell) Trade
Entry Price: $1.50 - $1.52
Target Level: $1.38 - $1.35
Stop Loss: $1.55
Key Breakdown Level: $1.44
Key Observations
The price is currently near the 6H resistance ($1.50).
A breakout above $1.51 could trigger a bullish move.
A rejection from $1.50-$1.52 could lead to a bearish move towards $1.38.
The 99-period MA ($1.59) is a strong resistance in the longer time frame.
Execution Notes
For Longs: Enter after a confirmed breakout above $1.51 with volume.
For Shorts: Enter after rejection from $1.50-$1.52 with bearish confirmation.
Use tight stop-losses to manage risk.