ERA is in a recovery-divergence zone. Check the conditions first; don't try to guess the bottom.
Binance USDT-margined perpetuals | ERA is down 14.57% over the past 24 hours, and weakness persists. For a recovery, first watch whether selling pressure subsides. Current price is around 0.06181, with 24h trading volume of about 32.6468 million; absolute volume does not necessarily mean relatively high volume. Market data: 67% of accounts are long; the taker buy/sell ratio is 0.79 (aggressive sellers are dominant); 30m open interest is down 0.2%; funding rate is -0.0931%.
Reference indicators: The 30m ATR trend-band reference level is 0.064360. Price is below this level, indicating that the trend support level is coming under pressure. The 30m KDJ is 20.81/27.22/7.98, suggesting short-term fear/oversold conditions. The J value is low; the key thing to watch next is whether a rebound gets a second confirmation.
Which would you wait for first: the taker buy/sell ratio of 0.79 returning above 1, or the price reclaiming the ATR trend-band reference level of 0.06436?
#ERA #Abnormal Movement Alert
Binance USDT-margined perpetuals | ERA is down 14.57% over the past 24 hours, and weakness persists. For a recovery, first watch whether selling pressure subsides. Current price is around 0.06181, with 24h trading volume of about 32.6468 million; absolute volume does not necessarily mean relatively high volume. Market data: 67% of accounts are long; the taker buy/sell ratio is 0.79 (aggressive sellers are dominant); 30m open interest is down 0.2%; funding rate is -0.0931%.
Reference indicators: The 30m ATR trend-band reference level is 0.064360. Price is below this level, indicating that the trend support level is coming under pressure. The 30m KDJ is 20.81/27.22/7.98, suggesting short-term fear/oversold conditions. The J value is low; the key thing to watch next is whether a rebound gets a second confirmation.
Which would you wait for first: the taker buy/sell ratio of 0.79 returning above 1, or the price reclaiming the ATR trend-band reference level of 0.06436?
#ERA #Abnormal Movement Alert