Here is a quick and summarized technical analysis for the ERA/USDT currency based on the chart:
---
🔍 Analysis Summary:
Current Price: 1.3295 USDT
General Trend: Bearish in the short term.
The price is below all moving averages (EMA50, EMA150, EMA200), indicating strong selling pressure.
Sharp decline of -29.83% over 24 hours.
Slight bounce from the temporary low at 1.3207, but it is weak so far.
EMA50 (1.3503) forms the first near resistance against the price.
---
📉 Expected Trend:
The currency is still under strong selling pressure.
There are no clear reversal signals yet.
Any upward bounce will be just a temporary correction unless the moving averages are broken.
---
✅ Trade Opportunity (Short Speculation):
Buy only upon a stable break above 1.3500 (exceeding EMA50)
First Target: 1.3680 (EMA150)
Second Target (optional): 1.3750 (EMA200)
Stop Loss: 1.3200 (below the low)
---
⚠️ Alert:
Do not enter now, the trend is still bearish.
Monitor volume and the next candles for buying strength before making any decision.