🚨 $ERA/USDT Alert: Bearish Breakdown or Bull Trap?
The 4H chart reveals a critical shift — buyers failed to defend the key demand zone at 1.172, triggering a rejection at overhead resistance. This marks a failed breakout attempt and hints at deeper weakness.
🔻 Structure Breakdown:
The descending triangle (highlighted in blue) has been breached to the downside — a classic bearish signal, suggesting mounting sell-side pressure. Price action now sits below the broken support, turning it into a resistance barrier.
📉 Next Key Level to Watch: 1.072 USDT
This zone is the nearest strong support and could serve as the next battleground between bulls and bears. A bounce here may provide a short-term relief rally — but only if backed by solid volume.
📊 Volume is Key:
🔺 High volume + price drop = confirmation of bearish momentum
⚠️ Low volume = possible fakeout or consolidation trap
🎯 Strategic Takeaway:
The trend is clearly leaning bearish for now. Traders should watch volume closely near 1.072. A sharp drop with heavy sell volume could accelerate losses, while a low-volume decline may signal potential reversal risk or a false breakdown.
💡 Pro Tip: Always wait for confirmation — don’t short into exhaustion, and don’t long without a reversal signal.
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