Technical Analysis of $ERN

/USDT

Current Price: $2.79

Trend: The market is experiencing mild bullish momentum with a price increase of +1.12% in the last 24 hours.

Support Levels:

Strong Support: $2.75

Medium Support: $2.72

Resistance Levels:

Immediate Resistance: $2.95

Target 1 (Short-term): $3.05

Target 2 (Medium-term): $3.18

Target 3 (Long-term): $3.30

Trade Momentum:

Bullish: Based on the price action and recent upward movement, there is a slight bullish momentum in the short term. The price is expected to continue testing resistance levels, with a focus on the $2.95 and $3.05 levels.

Buy Signal: A confirmation above $2.95 with increasing volume could indicate a solid entry point for a bullish breakout.

Sell Signal: If the price fails to break above $2.95 or falls below $2.75, consider exiting, as this could signal a reversal or retracement.

Summary:

Enter if the price holds above $2.80, targeting $3.05.

Use stop-loss below $2.72 to manage risk.

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