What do you think, will it be able to?🤔🤔‼️
I think $ERA doesn’t look ready to reverse just yet, unfortunately.
Why?
The price is holding around 0.073, well below the EMA20 and EMA200, right?
The last yearly candle also showed strong rejection of upward movement🤬🤬❌️
I’m leaning bearish, guys, but there’s no need to rush. The yearly structure is still sideways, not confirmed as downtrending. Open the chart and take a look—don’t rush‼️
I don’t want to short at the current lows.
It’s better to wait for a recovery toward the nearest supply zones and see whether sellers show up there.
If the price keeps falling without a pullback, I’ll wait for a breakout and retest.
Sellers are more active in derivatives, and open interest is declining. But negative funding means we can’t assume further downside is a given.
For now, $ERA is weak, but I need a good signal—not just the urge to sell after a sharp drop.
I think $ERA doesn’t look ready to reverse just yet, unfortunately.
Why?
The price is holding around 0.073, well below the EMA20 and EMA200, right?
The last yearly candle also showed strong rejection of upward movement🤬🤬❌️
I’m leaning bearish, guys, but there’s no need to rush. The yearly structure is still sideways, not confirmed as downtrending. Open the chart and take a look—don’t rush‼️
I don’t want to short at the current lows.
It’s better to wait for a recovery toward the nearest supply zones and see whether sellers show up there.
If the price keeps falling without a pullback, I’ll wait for a breakout and retest.
Sellers are more active in derivatives, and open interest is declining. But negative funding means we can’t assume further downside is a given.
For now, $ERA is weak, but I need a good signal—not just the urge to sell after a sharp drop.
