$ERA is up 3% and showing rejection at the highs. Here's why 👇
A 21% surge in 3 days put it up 3% on the day, so I took a closer look at the structure.
Look at what happened around 0.06953: ERA got through by just 5.4%, tagged 0.0733 and fell back. Everyone who bought that breakout is sitting on a loss now.
The spot I care about is 0.0645. That's where the last dip bottomed (it retraced 56% of the $ERA move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.0733 though, I'm wrong.
📌 My ERA trade: short from 0.07, stop at 0.07275, target 0.0645 (+7.9%, 1:2)
📊 24h Vol: $16.1M | 24h Chg: +2.8% | Funding: -0.2864%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ERA #Analysis #Trading
A 21% surge in 3 days put it up 3% on the day, so I took a closer look at the structure.
Look at what happened around 0.06953: ERA got through by just 5.4%, tagged 0.0733 and fell back. Everyone who bought that breakout is sitting on a loss now.
The spot I care about is 0.0645. That's where the last dip bottomed (it retraced 56% of the $ERA move) and nobody's been back since. I'd expect price to go and check it. If it closes above 0.0733 though, I'm wrong.
📌 My ERA trade: short from 0.07, stop at 0.07275, target 0.0645 (+7.9%, 1:2)
📊 24h Vol: $16.1M | 24h Chg: +2.8% | Funding: -0.2864%
Would you take this trade or sit it out? 👇
Follow for daily chart breakdowns 🔔
My opinion only. Not financial advice, do your own research.
#ERA #Analysis #Trading
