ERA Short signal alert
โ Short Plan:
Entry: Around $1.26
Stop Loss: $1.31
Take Profit: $1.20 โ $1.18
full analysis
๐ Timeframe: 1 Hour (1H)
Current Price: $1.2537
24h High: $1.5563
24h Low: $1.2120
Change: -19.38% (Heavy drop)
๐ Trend & Candle Analysis:
Continuous downward candles โ very weak price action.
Price is trading below both MA(7) and MA(25) โ Confirmed Downtrend
๐ Indicator Summary:
โ RSI (6): 28.32
RSI is below 30 โ Oversold Zone
Slight bounce possible but no clear sign of reversal yet
โ MACD: -0.0007
MACD & Signal Line both are below zero with bearish crossover.
Momentum remains strongly bearish
โ Volume:
Volume is low โ No strong buyer interest showing up yet.
๐ Conclusion & Trade Plan:
๐ด SHORT is more favorable
Trend is clearly downward
RSI oversold, but recovery is weak
MACD confirms bearish strength
โ Short Plan:
Entry: Around $1.26
Stop Loss: $1.31
Take Profit: $1.20 โ $1.18
โ ๏ธ If you want to go Long (High Risk Only):
Only for scalping, not safe for holding
Entry: $1.23 โ $1.24
Stop Loss: $1.20
Target: $1.29 โ $1.31
(But the main trend is still down, so be cautious)
๐ข Verdict:
> "Short looks better right now โ but never forget your stop loss."
