#StablecoinLaw ERA/USDTš Current Chart Analysis
Trend: Price these days broke beneath the 50 EMA (~1.2594), indicating a bearish short- time period fashion .
Volume Spike: Last purple candle has excessive extent (122.51K), probably a capitulation candle (panic sell-off).
Support Level: Price is presently sitting round 1.2376, that may act as a short- time period support ( suits in advance consolidation sector round 18:00ā19:00).
Oversold Signs: The massive purple candle ought to endorse a ability oversold condition, specifically if RSI ( now no longer shown) is likewise low.
ā Potential Buy Trade Setup (Countertrend / Scalping Idea)
This could be a scalp or jump alternate primarily based totally on exhaustion and extent spike.
Entry:
Wait for bullish affirmation candle (e.g., a inexperienced candle that closes above the frame of the purple candle).
Ideal entry: Above 1.2400ā1.2420, as soon as symptoms and symptoms of reversal appear.
Stop Loss:
Below the latest wick or shape low: ~1.2300ā1.2320
Take Profit:
TP1: Retest of fifty EMA (~1.2594)
TP2: Local excessive sector round 1.2700
Risk Management:
R:R ratio need to be as a minimum 1:2
Only input with small length if countertrend; anticipate fashion affirmation ( charge above EMA 50) for more potent lengthy setups.
š« Avoid Buying If:
Price closes beneath 1.2300 with sturdy extent ā that could invalidate the support.
No bullish candle seems withinside the following couple of 5m bars ( this could imply extra downside).
Trend: Price these days broke beneath the 50 EMA (~1.2594), indicating a bearish short- time period fashion .
Volume Spike: Last purple candle has excessive extent (122.51K), probably a capitulation candle (panic sell-off).
Support Level: Price is presently sitting round 1.2376, that may act as a short- time period support ( suits in advance consolidation sector round 18:00ā19:00).
Oversold Signs: The massive purple candle ought to endorse a ability oversold condition, specifically if RSI ( now no longer shown) is likewise low.
ā Potential Buy Trade Setup (Countertrend / Scalping Idea)
This could be a scalp or jump alternate primarily based totally on exhaustion and extent spike.
Entry:
Wait for bullish affirmation candle (e.g., a inexperienced candle that closes above the frame of the purple candle).
Ideal entry: Above 1.2400ā1.2420, as soon as symptoms and symptoms of reversal appear.
Stop Loss:
Below the latest wick or shape low: ~1.2300ā1.2320
Take Profit:
TP1: Retest of fifty EMA (~1.2594)
TP2: Local excessive sector round 1.2700
Risk Management:
R:R ratio need to be as a minimum 1:2
Only input with small length if countertrend; anticipate fashion affirmation ( charge above EMA 50) for more potent lengthy setups.
š« Avoid Buying If:
Price closes beneath 1.2300 with sturdy extent ā that could invalidate the support.
No bullish candle seems withinside the following couple of 5m bars ( this could imply extra downside).
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
SOL
190.22
-5.50%