$ERA /USDT – BEARISH MOMENTUM BUILDING BELOW KEY MOVING AVERAGES
Current Price: $0.9653
24h High: $1.0123
24h Low: $0.9361
24h Volume: 8.07M ERA / 7.82M USDT
24h Change: -3.52%
KEY LEVELS TO WATCH
Resistance Zones:
$0.9856 – $1.0123 → Recent high zone; strong selling pressure
$1.0300 → Major resistance from prior consolidation
Support Zones:
$0.9540 – $0.9360 → Demand zone; watch for breakdown
$0.9200 → Historical swing support
$0.8820 → Extended downside level if bearish momentum continues
TECHNICAL INDICATORS
MA/EMA: Price trading below short-term EMAs – bearish signal
Bollinger Bands: Price hugging lower band – downward pressure strong
SAR: Dots above price – confirms active downtrend
MACD: Bearish crossover; histogram showing increasing red momentum
Volume: Fairly balanced but slightly rising on red candles → confirms seller interest
🔻 TRADE SETUP – SHORT ON BREAKDOWN OR RETEST
Entry Options:
1. Breakdown Entry: Below $0.9350
2. Retest Short: Near $0.9850 – $0.9950 zone
Targets:
TP1: $0.9200
TP2: $0.8820
TP3: $0.8550 (extended bearish target)
❌ Stop Loss:
$1.0150 (above rejection wick)
RISK MANAGEMENT
Use 2% max risk per trade
SL must be placed above recent resistance
Trail stop after TP1 to lock profit
Avoid overleveraging as volatility is moderate
📌 Summary: $ERA/USDT is in a clear short-term downtrend, unable to hold above $1.00. Momentum and indicators suggest more downside if $0.9360 breaks. A short entry on retest or breakdown offers a clean risk-reward opportunity.
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