$ERA 1-hour trading volume surged to 6.6 times the usual level, then pulled back 2.25%. The current price is 0.0705.
A surge in volume as the price rises suggests buyers are more active; a surge in volume as it falls suggests sellers are more active. Heavy volume with little price movement usually indicates intense trading.
Wait for the candlestick to close before making a judgment; an intraday spike doesn’t count.

Stay calm and manage your position size.