$ERA /USDT - Potential reversal on the horizon 🌀
Current Price: $1.2015
Lowest Price in 24 Hours: $1.1796
Highest Price in 24 Hours: $1.3108
Trading Volume: 484.49 Million Moving Average
📉 Technical Overview:
After a sharp decline from $1.4230, $ERA recorded a local bottom at $1.1796, with slightly bullish recovery candles forming. The Exponential Moving Average (7) at $1.2114 and the Exponential Moving Average (25) at $1.2569 are the next major resistance areas.
Setting Up a Retracement Trade (Two Hours)
💰 Entry Area: $1.1950 - $1.2050
🎯 First Profit Target: $1.2350
🎯 Second Profit Target: $1.2600
🎯 Third Profit Target: $1.2920
🛡️ Stop Loss: $1.1740
📊 Technical Analysis:
The chart shows early indications of a bottom formation. If buyers reclaim the Exponential Moving Average (7) and maintain the $1.21 level with high trading volume, a short-term reversal is likely.
💡 Professional Tip:
For stronger confirmation, wait for a bullish reversal or a double bottom on the hourly frame with increasing trading volume. This indicates a potential trend change after the capitulation wick at $1.1796.
⚠️ High Volatility Area - Use precise risk control and stop-loss orders on green candles!#EthereumTurns10 #ETHCorporateReserves #BinanceHODLerTree #BNBATH #US-EUTradeAgreement
