$ERA setting up big bullish trap
Short $ERA
Entry: 0.085 – 0.0950
SL: 0.125
TP1: 0.0770
TP2: 0.0720
TP3: 0.0670
TP4: 0.0620
Why:
$ERA has surged more than 35% from its recent low around 0.06134, breaking out of a prolonged consolidation phase and reaching a high of 0.09116. Price is now trading near 0.08209 after a sharp vertical rally, making a potential pullback worth watching. MA7 at 0.06771, MA25 at 0.06465, and MA99 at 0.06664 are all below the current price, confirming strong bullish momentum rather than an established downtrend. A rejection around 0.0850–0.09116 followed by a breakdown below 0.0770 could open the way toward 0.0720 and 0.0670. Since momentum remains bullish, avoid chasing a short without confirmation.
Short $ERA
Entry: 0.085 – 0.0950
SL: 0.125
TP1: 0.0770
TP2: 0.0720
TP3: 0.0670
TP4: 0.0620
Why:
$ERA has surged more than 35% from its recent low around 0.06134, breaking out of a prolonged consolidation phase and reaching a high of 0.09116. Price is now trading near 0.08209 after a sharp vertical rally, making a potential pullback worth watching. MA7 at 0.06771, MA25 at 0.06465, and MA99 at 0.06664 are all below the current price, confirming strong bullish momentum rather than an established downtrend. A rejection around 0.0850–0.09116 followed by a breakdown below 0.0770 could open the way toward 0.0720 and 0.0670. Since momentum remains bullish, avoid chasing a short without confirmation.