$ERA Based on the 1-hour chart of $ERA /USDT Perpetual Futures from Binance:
🔍 Technical Overview:
Current Price: $1.2490
MA(7): 1.2492 (almost equal to price – price sitting on short-term resistance)
MA(25): 1.2312 (acting as support)
Price Range: $1.1561 (support) to $1.2790 (resistance)
Volume: Lower volume recently – no strong breakout/breakdown pressure
Chart Structure: Consolidation after uptrend → possibly forming a bullish flag/pennant
Remider:
Do your Analysis 1st then Dive in.
🔧 Trade Setup:
✅ Long (Buy) Setup:
Entry: Above $1.2550 (confirmation breakout above range resistance and MA cluster)
Targets:
TP1: $1.2790 (24h high)
TP2: $1.3020 (previous major wick high)
Stop Loss: $1.2310 (below MA(25) and support zone)
❌ Short (Sell) Setup:
Entry: Below $1.2310 (breakdown of support and MA(25))
Targets:
TP1: $1.1930 (minor support)
TP2: $1.1560 (24h low)
Stop Loss: $1.2500 (just above short-term resistance/MA)
🔁 Summary:
Currently in range-bound consolidation.
Wait for breakout or breakdown before entering trade.
Bias is slightly bullish due to higher low formation and MA support.
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