$ERA / USDT – Critical Test of Resistance Looms

Current Price: $0.9414

24H High / Low: $0.9551 / $0.9016

EMA Levels:

EMA(7): $0.9421

EMA(25): $0.9378

EMA(99): $0.9399

$ERA has rebounded from the $0.9199 support and is now challenging a key resistance around $0.9550 after clearing the EMA(7). However, momentum appears to be fading. Bearish wick patterns are emerging, suggesting a possible pullback before any further upward movement.

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Trade Setup (Two Scenarios)

Option 1: Bullish Breakout (Long Setup)

Entry Zone: $0.9400 – $0.9450

Targets:

TP1: $0.9500

TP2: $0.9600

TP3: $0.9700

Stop Loss: $0.9280

Option 2: Bearish Reversal (Short Setup)

Entry Zone: $0.9300 – $0.9350

Targets:

TP1: $0.9180

TP2: $0.9100

TP3: $0.9000

Stop Loss: $0.9540

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Strategy Notes:

For a Long: Wait for a clear 15-minute or 1-hour candle close above $0.9450 with strong volume as confirmation.

For a Short: If price fails to hold $0.9450 and closes below $0.9400, especially under the EMA(25), it opens the door for a downside move.

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Conclusion:

$ERA is at a pivotal level. A breakout above resistance could ignite the next leg up, but a failure here might lead to a quick drop. Volume will be the key signal — either confirming strength or exposing weakness.