$ERA
Setup 1: SELL / SHORT (Main Setup)
Setup Level
Sell Entry 0.08800 - 0.08824 (current price up to the 24-hour high, if a rejection / long red candle appears on the 1H)
Stop Loss 0.09050 (above the 24-hour high + near the psychological level of 0.0900)
Take Profit 1 0.08483 (4H Upper Bollinger Band, where the price broke down earlier)
Take Profit 2 0.07621 (4H Middle Bollinger Band)
Take Profit 3 0.07335 (1H Middle Bollinger Band)
Risk : Reward Around 1 : 4.5 if entering at 0.08820
Required conditions: Don't short at market without confirmation. Wait for the price to fail to break through 0.08824 and for the 1H RSI to fall from 77 to below 70 + a 1H candle to close red. If the price breaks through 0.08824 on rising volume and the 4H candle closes above 0.0900, cancel the Short.
Setup 2: BUY / LONG (Only If There Is a Deep Correction)
This is the only safe way to go Long on ERA right now.
Setup Level
Buy Entry 1 0.07620 - 0.07700 (4H Middle Bollinger Band)
Buy Entry 2 (ideal) 0.07330 - 0.07400 (1H Middle Bollinger Band + previous consolidation area)
Stop Loss 0.07198 (below the 24-hour low; if it breaks down, the pump is over)
Take Profit 1 0.08483 (4H Upper Bollinger Band)
Take Profit 2 0.08824 (24-hour high)
Take Profit 3 0.10182 (previous spike high)
Risk : Reward Around 1 : 2.6 if entering at 0.07650
Invalidation: If the 4H candle closes below 0.07198, cancel all Long positions. That means ERA is heading back to 0.06055.
My plan:
SHORT at 0.08800 - 0.08824 if there is a rejection, SL 0.09050, TP 0.08483 / 0.07621 / 0.07335
LONG only if there is a deep correction to 0.07621 or 0.07335; don't chase the price now
Are you on team chasing ERA at the top or team waiting for a dump to 0.076? Comment below. DYOR
#ERA #ERAUSDT #Crypto #CalderaToken
Setup 1: SELL / SHORT (Main Setup)
Setup Level
Sell Entry 0.08800 - 0.08824 (current price up to the 24-hour high, if a rejection / long red candle appears on the 1H)
Stop Loss 0.09050 (above the 24-hour high + near the psychological level of 0.0900)
Take Profit 1 0.08483 (4H Upper Bollinger Band, where the price broke down earlier)
Take Profit 2 0.07621 (4H Middle Bollinger Band)
Take Profit 3 0.07335 (1H Middle Bollinger Band)
Risk : Reward Around 1 : 4.5 if entering at 0.08820
Required conditions: Don't short at market without confirmation. Wait for the price to fail to break through 0.08824 and for the 1H RSI to fall from 77 to below 70 + a 1H candle to close red. If the price breaks through 0.08824 on rising volume and the 4H candle closes above 0.0900, cancel the Short.
Setup 2: BUY / LONG (Only If There Is a Deep Correction)
This is the only safe way to go Long on ERA right now.
Setup Level
Buy Entry 1 0.07620 - 0.07700 (4H Middle Bollinger Band)
Buy Entry 2 (ideal) 0.07330 - 0.07400 (1H Middle Bollinger Band + previous consolidation area)
Stop Loss 0.07198 (below the 24-hour low; if it breaks down, the pump is over)
Take Profit 1 0.08483 (4H Upper Bollinger Band)
Take Profit 2 0.08824 (24-hour high)
Take Profit 3 0.10182 (previous spike high)
Risk : Reward Around 1 : 2.6 if entering at 0.07650
Invalidation: If the 4H candle closes below 0.07198, cancel all Long positions. That means ERA is heading back to 0.06055.
My plan:
SHORT at 0.08800 - 0.08824 if there is a rejection, SL 0.09050, TP 0.08483 / 0.07621 / 0.07335
LONG only if there is a deep correction to 0.07621 or 0.07335; don't chase the price now
Are you on team chasing ERA at the top or team waiting for a dump to 0.076? Comment below. DYOR
#ERA #ERAUSDT #Crypto #CalderaToken
