Don't catch a falling knife! 🔪 $ERA just lost major support and the bears are taking over.
Here is my exact Short setup to catch the next leg down. 👇
🔴 Short Setup-

📌 Entry → $0.06900 - $0.06950

🎯 TP1 → $0.06700
🎯 TP2 → $0.06400

✅ Final Target → $0.05900

⛔ SL → $0.07500

🙇 Plan: Once TP1 hits, stop loss moves straight to entry — no exceptions. The rest of the position runs with zero risk.

💪 Why I'm taking this: After the initial pump, ERA is failing to hold higher levels. The 30m chart is printing lower highs and lower lows, breaking below the short-term moving averages. With the order book showing 53% ask-side dominance and MACD turning red, the path of least resistance is clearly down.

⚠️ One thing to respect: Never short a strong uptrend blindly. Have a clear invalidation point (SL) and respect it.

$ERA #cryptotrading #TradeSetup