⚠️ Coin $ERA is retracing from the instant peak and is preparing for a corrective downtrend wave
🔴 Technical direction: A sharp decline following the formation of a high local top, with expectations of continued bearish reversal
📍 Monitoring zone: 0.0670 – 0.0685
🎯 Corrective price targets:
• Target 1: 0.0653
• Target 2: 0.0642
• Target 3: 0.0630
❌ Invalidate the scenario: a 30-minute candle close above 0.0710
💡 Technical rationale: Price faced strong sell rejection, leading to two consecutive red candles, at the same time it was in areas of extreme overbought and the accumulation of buying peak, followed by a decline in the momentum indicator.
🔴 Technical direction: A sharp decline following the formation of a high local top, with expectations of continued bearish reversal
📍 Monitoring zone: 0.0670 – 0.0685
🎯 Corrective price targets:
• Target 1: 0.0653
• Target 2: 0.0642
• Target 3: 0.0630
❌ Invalidate the scenario: a 30-minute candle close above 0.0710
💡 Technical rationale: Price faced strong sell rejection, leading to two consecutive red candles, at the same time it was in areas of extreme overbought and the accumulation of buying peak, followed by a decline in the momentum indicator.
