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Your analysis of ERA/USDT (4H timeframe) is spot-on and well-structured. Here's a concise breakdown and a few technical pointers to enhance your insights:
Technical Breakdown:
Demand Zone Loss at 1.172 USDT:
Buyers' inability to hold this level indicates waning bullish strength.
Failed Breakout Attempt:
A classic bull trap—often leads to stronger sell pressure as trapped longs exit.