Trade Alert: $ERN /USDT (1H)!🔥💯
🔍 Market Insight:
ERN/USDT has shown bearish momentum after rejecting the $2.90 resistance zone. The price is now consolidating near $2.73, indicating potential for a short opportunity.
📉 Trade Setup:
• Entry: $2.72 (short entry on a confirmed breakdown)
• Take Profit (TP):
1. TP1: $2.68
2. TP2: $2.63
• Stop Loss (SL): $2.78
📈 Analysis Highlights:
• A break below $2.72 could lead to further downside, supported by the current downtrend.
• The next major support lies near $2.63, which aligns with the previous demand zone.
⚠️ Risk Management:
Ensure your position size aligns with your risk tolerance. Secure partial profits at TP1 and trail your stop loss for extended targets.