🚀 $ERA /USDT – Watching for Breakout or Breakdown

Analysis:

ERA is trading near 1.0563, pulling back slightly after hitting a 24h high of 1.0862. The 1.0700–1.0860 zone is acting as immediate resistance, while 1.0000–0.9980 serves as strong support. Price is coiling in a tightening range, hinting at a potential breakout move. A push above 1.0860 could trigger bullish momentum, while a breakdown below 1.0000 could open room for deeper correction.

Trade Setup – LONG Scenario (If Resistance Breaks):

Entry Zone: 1.0705 – 1.0850

Take Profit 1: 1.1000

Take Profit 2: 1.1220

Stop Loss: 1.0560

Trade Setup – SHORT Scenario (If Support Breaks):

Entry Zone: 0.9980 – 1.0040

Take Profit 1: 0.9850

Take Profit 2: 0.9700

Stop Loss: 1.0150

$ERA