$ERA /USDT – SHORT TRADE SIGNAL🔴
BEARISH CONSOLIDATION BELOW KEY EMAS
WEAK BOUNCE AFTER SHARP DROP – SELLERS STILL DOMINANT
ERA has dropped aggressively from $1.61 and is now consolidating below the 7/25/99 EMAs, which are all sloping downward. The current structure shows weak bullish reaction, forming a tight range near $1.24, just under EMA resistance. A breakdown below $1.22 could trigger another leg lower, targeting the previous low and continuation zones.
Trade Setup:
• Entry Point: $1.2430 – $1.2350
• Stop Loss: $1.2620
• Take Profit 1: $1.2100
• Take Profit 2: $1.1850
• Take Profit 3: $1.1500
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
Structure remains bearish with no significant bullish reversal signs. If $1.22 breaks, the downtrend likely resumes toward new lows.
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