$ERA just got slammed at the wall — now the short setup is live.
After a strong rally, ERA ran straight into the 0.1020–0.1030 resistance zone and got rejected hard. Sellers are stepping in fast, and the downside pressure is building by the hour.
The plan:
Entry: 0.0915–0.0935
Target: 0.0695
Stop-loss: 0.1022
That is a clean short with the stop tucked just above the rejection zone. If 0.0900 gives way, the breakdown opens the door to lower levels coming into focus fast.
The 4h picture backs the caution: ERA is already down 4.18% on the 4h even while still up 8.52% on the day, and the 24h high of 0.1026 lines up exactly with the rejection zone.
Short bias while price stays under 0.1022. A reclaim of the resistance flips the idea. Trade the levels and size with care — this is a trade idea, not financial advice.
After a strong rally, ERA ran straight into the 0.1020–0.1030 resistance zone and got rejected hard. Sellers are stepping in fast, and the downside pressure is building by the hour.
The plan:
Entry: 0.0915–0.0935
Target: 0.0695
Stop-loss: 0.1022
That is a clean short with the stop tucked just above the rejection zone. If 0.0900 gives way, the breakdown opens the door to lower levels coming into focus fast.
The 4h picture backs the caution: ERA is already down 4.18% on the 4h even while still up 8.52% on the day, and the 24h high of 0.1026 lines up exactly with the rejection zone.
Short bias while price stays under 0.1022. A reclaim of the resistance flips the idea. Trade the levels and size with care — this is a trade idea, not financial advice.
