$ERA went to 0.102 and is now at 0.0827.
Classic: it shoots up, attracts people, and then tests to see who sticks around.
The interesting thing is that despite the 5% drop, the price is still above the EMA7, 25, and 99.
MACD is still positive, and the KDJ isn't overextended.
It doesn't feel like a collapse; it feels more like aggressive profit-taking.
I'll watch how it behaves if it retests 0.080.
Classic: it shoots up, attracts people, and then tests to see who sticks around.
The interesting thing is that despite the 5% drop, the price is still above the EMA7, 25, and 99.
MACD is still positive, and the KDJ isn't overextended.
It doesn't feel like a collapse; it feels more like aggressive profit-taking.
I'll watch how it behaves if it retests 0.080.
