$ERA /USDC BULLISH STRUCTURE BUILDING ABOVE SUPPORT
ERA is maintaining a constructive market structure after rebounding from its recent low and forming higher lows across short timeframes. The price action suggests accumulation rather than distribution, with buyers consistently stepping in during dips and defending newly established support.
Parabolic SAR positioning and upward-sloping short-term moving averages indicate strengthening bullish momentum. The recent consolidation beneath resistance appears to be a pause within an emerging uptrend rather than a reversal signal. Volume behavior supports this view, with participation increasing during upward pushes.
Volatility tightening near the highs signals energy building for a potential breakout. A sustained hold above support keeps continuation toward higher resistance levels in play.
LONG SETUP
Entry Zone: Pullback into short-term support and consolidation base
Stop Loss: Below the higher low and bullish structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout continuation into next resistance zone
TP3 – Measured move projection from the prior impulse range
Bullish continuation remains favored while higher-low structure holds and momentum expands on upward moves. A loss of support would shift the market into a broader range phase.
RISK MANAGEMENT
Risk 1–2% per trade. Secure partial profits at TP1 and trail stop to protect capital. Avoid chasing extended moves; focus on structured pullback entries.
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