$ERA / USDT — Long Liquidations Put Bullish Momentum Under Pressure
ERA recorded a long liquidation of $1.1104K at $0.07442. This indicates that some leveraged buyers were forced to close their positions, potentially adding selling pressure and weakening short-term bullish momentum.
The key question is whether buyers can defend nearby support or sellers will push the price lower. I would remain cautious until ERA shows a clear recovery with stronger buying volume.
Potential Entry Zone for Sellers: $0.0740–$0.0745, after bearish confirmation.
Downside Targets:
- Target 1: $0.0730
- Target 2: $0.0718
- Extended Target: $0.0705
Protective Zone / Stop-Loss: Above $0.0755
Market Bias: Short-Term Bearish, conditional on confirmation.
My view is cautious while selling pressure remains dominant. A recovery above resistance could invalidate this outlook, so traders should avoid entering solely because of one liquidation event.
#CryptoMarket #EarningsSeason #BinancePick #BitcoinHashrateHitsSevenMonthHigh
ERA recorded a long liquidation of $1.1104K at $0.07442. This indicates that some leveraged buyers were forced to close their positions, potentially adding selling pressure and weakening short-term bullish momentum.
The key question is whether buyers can defend nearby support or sellers will push the price lower. I would remain cautious until ERA shows a clear recovery with stronger buying volume.
Potential Entry Zone for Sellers: $0.0740–$0.0745, after bearish confirmation.
Downside Targets:
- Target 1: $0.0730
- Target 2: $0.0718
- Extended Target: $0.0705
Protective Zone / Stop-Loss: Above $0.0755
Market Bias: Short-Term Bearish, conditional on confirmation.
My view is cautious while selling pressure remains dominant. A recovery above resistance could invalidate this outlook, so traders should avoid entering solely because of one liquidation event.
#CryptoMarket #EarningsSeason #BinancePick #BitcoinHashrateHitsSevenMonthHigh