$ERA Momentum backs the bearish trend, but oversold RSI complicates it. SHORT setup, entry has to come first.
entry: 0.0565 - 0.0566
sl: 0.0574
tp: 0.0557 - 0.0548 - 0.054
My take:
The higher-timeframe regime stays bearish, and the 30m holding under its moving averages confirms sellers still control structure. Momentum agrees, with lower highs and lower lows and a bearish retest. RSI sits oversold though, so the move is stretched and a bounce could interrupt the path before the next leg down.
⚠️ Personal market insight, not investment advice. DYOR.
entry: 0.0565 - 0.0566
sl: 0.0574
tp: 0.0557 - 0.0548 - 0.054
My take:
The higher-timeframe regime stays bearish, and the 30m holding under its moving averages confirms sellers still control structure. Momentum agrees, with lower highs and lower lows and a bearish retest. RSI sits oversold though, so the move is stretched and a bounce could interrupt the path before the next leg down.
⚠️ Personal market insight, not investment advice. DYOR.
