$ERA Round 2 again. Lower highs keep stacking. Sellers still own this trend. SHORT setup.
entry: 0.0565 - 0.0566
sl: 0.0573
tp: 0.0558 - 0.055 - 0.0542
My take:
My bearish read comes from the trend structure itself: lower highs and lower lows across the higher timeframes, with the shorter one confirming the same direction and price sitting below its key averages. Momentum backs it up, with RSI leaning bearish rather than stretched. What would weaken this is any push that reclaims those averages and breaks the sequence of lower highs.
⚠️ Personal market insight, not investment advice. DYOR.
entry: 0.0565 - 0.0566
sl: 0.0573
tp: 0.0558 - 0.055 - 0.0542
My take:
My bearish read comes from the trend structure itself: lower highs and lower lows across the higher timeframes, with the shorter one confirming the same direction and price sitting below its key averages. Momentum backs it up, with RSI leaning bearish rather than stretched. What would weaken this is any push that reclaims those averages and breaks the sequence of lower highs.
⚠️ Personal market insight, not investment advice. DYOR.
