I’m looking at $ERA /USDT around 0.0709, and buyers have managed a small recovery after the price dipped toward 0.0704. However, the declining MA60 at 0.0713 is still overhead, so I want confirmation before treating this as a bullish reversal.
Price is consolidating after bouncing from the recent low. The immediate resistance is around 0.0711, followed by the MA60 near 0.0713. Support sits around 0.0708, with 0.0704 as the recent visible low.
📍 Entry: 0.0709–0.0711, only after a confirmed breakout and hold 🎯 TP1: 0.0711 🎯 TP2: 0.0713 🎯 TP3: 0.0715, if momentum continues 🛑 Invalidation: Below 0.0704
If price loses 0.0704, I’d step away from this long setup because the recovery would be failing and sellers could regain control.
The main risk is resistance from the falling MA60. I’d like to see price break above 0.0711 and hold it before considering a long. Until then, this remains a cautious recovery setup, not a confirmed trend change.
Price is consolidating after bouncing from the recent low. The immediate resistance is around 0.0711, followed by the MA60 near 0.0713. Support sits around 0.0708, with 0.0704 as the recent visible low.
📍 Entry: 0.0709–0.0711, only after a confirmed breakout and hold 🎯 TP1: 0.0711 🎯 TP2: 0.0713 🎯 TP3: 0.0715, if momentum continues 🛑 Invalidation: Below 0.0704
If price loses 0.0704, I’d step away from this long setup because the recovery would be failing and sellers could regain control.
The main risk is resistance from the falling MA60. I’d like to see price break above 0.0711 and hold it before considering a long. Until then, this remains a cautious recovery setup, not a confirmed trend change.