$ERA has recovered its morning losses and risen above its pre-pullback price. I’m cautiously positive about this short-term rebound.
On October 18 Beijing time, $ERA closed at 0.0695 USDT at two hourly marks in the morning, then pulled back to 0.067. By 16:00, it had closed at 0.0734. This is worth watching: the rebound has exceeded the earlier decline, and the price is now clearly higher even without measuring from the low.
The 16:30 quote rose further to 0.0767, with the rebound still continuing, but that is only a real-time price. There are limits to this positive view: if the price falls back to around the morning’s 0.0695 level, most of the gains made after recovering its losses will have been erased.
I recognize ERA’s current strengthening, but I wouldn’t assume a sustained sharp rally is coming—and buy on that basis—based solely on this rebound.
On October 18 Beijing time, $ERA closed at 0.0695 USDT at two hourly marks in the morning, then pulled back to 0.067. By 16:00, it had closed at 0.0734. This is worth watching: the rebound has exceeded the earlier decline, and the price is now clearly higher even without measuring from the low.
The 16:30 quote rose further to 0.0767, with the rebound still continuing, but that is only a real-time price. There are limits to this positive view: if the price falls back to around the morning’s 0.0695 level, most of the gains made after recovering its losses will have been erased.
I recognize ERA’s current strengthening, but I wouldn’t assume a sustained sharp rally is coming—and buy on that basis—based solely on this rebound.