$ERA broke below the 0.08 level (current price: 0.0805, now back above it). Next, there are two possible scenarios:
① If it bounces back to 0.08 but fails to reclaim it, the level becomes resistance; the next level to watch below is the 24-hour low of 0.0722.
② If it quickly moves back above 0.08, this was probably a false breakdown, and short positions could easily get squeezed.
I’m more focused on the buying support during the first bounce.
① If it bounces back to 0.08 but fails to reclaim it, the level becomes resistance; the next level to watch below is the 24-hour low of 0.0722.
② If it quickly moves back above 0.08, this was probably a false breakdown, and short positions could easily get squeezed.
I’m more focused on the buying support during the first bounce.