$ERA Bounce or Bull Trap? Watch These Key Zones!

ERA has rebounded sharply to $1.4989 after dipping near $1.44, showing signs of short-term recovery. However, it’s still hovering below resistance, and the next candle could confirm either a strong reversal or just a dead cat bounce.

Key Levels to Watch:

• Resistance Zones:

• $1.53 – Initial resistance from recent wicks

• $1.58 – Previous local top and strong seller zone

• $1.62 – Major resistance to confirm trend reversal

• Support Levels:

• $1.44 – Crucial bounce zone; losing this opens downside risk

• $1.40 – Breakdown support, below which panic selling may resume

Trade Setup – Wait for Confirmation!

Bullish Entry: A clear move above $1.53 with strong volume

• Target 1: $1.58

• Target 2: $1.62

• Target 3: $1.70

Bearish Entry: A drop below $1.44 with rising sell volume

• Target 1: $1.40

• Target 2: $1.32

Volume has spiked, but structure still weak—don’t chase. Let confirmation lead, not emotion.

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