$ERA looks overextended here after that sharp 4H expansion.
The move was strong, but this is also the kind of area where late longs usually get trapped if momentum starts fading. I would not chase this pump up here.
As long as price stays below the 0.089 to 0.097 resistance zone, I’m watching for a pullback toward 0.0745 first, then 0.063 if weakness continues.
The move was strong, but this is also the kind of area where late longs usually get trapped if momentum starts fading. I would not chase this pump up here.
As long as price stays below the 0.089 to 0.097 resistance zone, I’m watching for a pullback toward 0.0745 first, then 0.063 if weakness continues.