Technical Analysis & Trade Signal for $ERN

/USDT

Current Market Momentum:

Trend: Bullish recovery after reaching $2.530 (24h low).

Indicators:

RSI: Approaching 60, showing bullish momentum.

MACD: Bullish crossover confirmed on the 4H chart.

Support: Strong support at $2.50.

Resistance: Immediate resistance near $2.85.

Trade Signal:

Type: Long Position.

Entry Zone: $2.80–$2.83.

Targets 🎯:

1. Target 1: $2.90 (Short-term resistance).

2. Target 2: $3.05 (Mid-term breakout level).

3. Target 3: $3.25 (Potential strong bullish continuation).

Stop-Loss:

Place at $2.70 to protect against downside risks.

Trade Momentum:

Bullish, supported by rising volumes and positive price action. Ensure to monitor overall crypto market sentiment for additional confirmation.

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