🧭ERA/USDT 4H Chart Technical Update - Important Support Level at 1.2100
The 1.2100 support level on the 4-hour chart remains crucial.
Current price at 1.2172 is very close to this key support.
Technical indicators show weakness, increasing the probability that the 1.2100 support might break.
If price breaks below 1.2100 with volume confirmation, the next significant support is around the 1.0734 Fibonacci level.
Summary:
ERA/USDT shows strong bearish momentum on the 4H timeframe. While 1.2100 is a near-term support, the chance of it failing is high. In the event of a breakdown, a deeper slide toward 1.0734 could follow. Traders should be cautious, apply strict risk management, and watch volume carefully before taking positions.
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