$ERA 24-hour high, current price 0.0694, previous high 0.06714.
After a new high, three common scenarios:
① Pull back to the previous high, hold above it, then make another new high: the healthiest scenario
② Move sideways near the previous high: consolidation as the market decides on a direction
③ Quickly fall below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. First, let’s see whether scenario ① or ② plays out.
#ERA
Personal notes only; not investment advice.
After a new high, three common scenarios:
① Pull back to the previous high, hold above it, then make another new high: the healthiest scenario
② Move sideways near the previous high: consolidation as the market decides on a direction
③ Quickly fall below the previous high and fail to reclaim it: a false breakout
For now, the price is still above the previous high. First, let’s see whether scenario ① or ② plays out.
#ERA
Personal notes only; not investment advice.