Based on the 4-hour chart for ERAUSDT.P, price is currently consolidating near a major demand/support zone around 0.05990 - 0.06800, with recent bullish signals (CHoCH / Change of Character) popping up at the bottom.
Here is a structured trade setup based on the Smart Money Concepts (SMC) visual cues on your chart:
📈 Long Trade Setup: ERAUSDT.P
Entry Zone: 0.06650 – 0.07000 (Wait for a slight pullback into the demand block/consolidation area rather than chasing the current candle)
Stop Loss (SL): 0.05850 (Placed just below the labeled "Strong Low" at 0.05990 to give room for liquidity sweeps)
🎯 Take Profit Targets:
Target 1 (TP1): 0.08200 (First local liquidity sweep / immediate resistance)
Target 2 (TP2): 0.09800 (Mid-range supply block)
Target 3 (TP3): 0.12500 (Major upper supply zone)
Target 4 (TP4 / Final): 0.13660 (Near the labeled "Weak High")
$ERA
Here is a structured trade setup based on the Smart Money Concepts (SMC) visual cues on your chart:
📈 Long Trade Setup: ERAUSDT.P
Entry Zone: 0.06650 – 0.07000 (Wait for a slight pullback into the demand block/consolidation area rather than chasing the current candle)
Stop Loss (SL): 0.05850 (Placed just below the labeled "Strong Low" at 0.05990 to give room for liquidity sweeps)
🎯 Take Profit Targets:
Target 1 (TP1): 0.08200 (First local liquidity sweep / immediate resistance)
Target 2 (TP2): 0.09800 (Mid-range supply block)
Target 3 (TP3): 0.12500 (Major upper supply zone)
Target 4 (TP4 / Final): 0.13660 (Near the labeled "Weak High")
$ERA