$ERA hit a new 24-hour low. Current price: 0.0607; previous low: 0.06084.
After a new low, there are three common scenarios:
① It bounces to the previous low, then gets pushed back down: the decline continues
② It swings back and forth near the previous low: positions are changing hands, and the market is waiting for direction
③ It quickly recovers the previous low and holds above it: a bear trap
It is still below the previous low, so for now, watch to see whether scenario ① or ② plays out.
#ERA
After a new low, there are three common scenarios:
① It bounces to the previous low, then gets pushed back down: the decline continues
② It swings back and forth near the previous low: positions are changing hands, and the market is waiting for direction
③ It quickly recovers the previous low and holds above it: a bear trap
It is still below the previous low, so for now, watch to see whether scenario ① or ② plays out.
#ERA