$ERA broke through the 0.08 level, and the current price is 0.0828.
There is nothing magical about a round-number level itself, but limit orders, stop losses, and psychological expectations all tend to cluster around it, so the battle between bulls and bears is often quite back-and-forth.
The key is whether the pullback can hold 0.08; if it does, it shifts from resistance to support. Is it a signal or just noise?
This is only a personal opinion and should not be used as a basis for trading.
There is nothing magical about a round-number level itself, but limit orders, stop losses, and psychological expectations all tend to cluster around it, so the battle between bulls and bears is often quite back-and-forth.
The key is whether the pullback can hold 0.08; if it does, it shifts from resistance to support. Is it a signal or just noise?
This is only a personal opinion and should not be used as a basis for trading.