$ERN /USDT Price Analysis: Eyeing Key Levels for Breakout Potential

Current Price: $2.919 (+5.27%)

Bullish Targets for Long Trades

Target 1: $2.95 (Immediate resistance)

Target 2: $3.00 (Psychological resistance and breakout level)

Target 3: $3.10 (Extended bullish target)

Long Trade Signal:

Entry Point: Above $2.93 for bullish momentum confirmation.

Stop-Loss: $2.87 to minimize downside risk.

Strategy: Monitor for increasing volume above $2.95, signaling potential continuation toward $3.00 and beyond.

Bearish Targets for Short Trades

Target 1: $2.85 (Support retest zone)

Target 2: $2.80 (Deeper retracement level)

Target 3: $2.75 (Critical support area)

Short Trade Signal:

Entry Point: Below $2.90 for bearish confirmation.

Stop-Loss: $2.95 to manage risk.

Strategy: Watch for rejection near $2.95 or $3.00 and weakening buying pressure for a potential retracement.

Market Insight:

$ERN /USDT rebounded from $2.749 and is testing resistance near $2.95. A breakout above $3.00 could ignite bullish momentum, while failure to hold current levels may lead to a pullback.

Pro Tip: Use trailing stops to secure profits during volatile conditions and adjust targets dynamically based on trend strength.

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