🔻 $ERA : Collapse or Smart Trap?
ERA has declined by 13% to trade at $1.2012 after a violent sell-off from the $1.60 area. The price is sliding within a sharp downward channel with little to no bounce—Is this the capitulation bottom or just the beginning?
🔍 Key Levels:
Resistance: $1.40 – $1.50 👉 Breaking through could reverse the trend.
Support: $1.1850 – $1.1600 ⚠️ Breaking this could trigger a new panic.
📈 Bullish Scenario:
Buy above: $1.25
Target 1: $1.30
Target 2: $1.40
Stop Loss: $1.1750
📉 Bearish Scenario:
Sell below: $1.16
Target 1: $1.09
Target 2: $1.00
Stop Loss: $1.2250
✋ Don't rush... the area is bloody and the chart is the one that decides!
Is a bounce coming or a continued collapse? Let's closely monitor the upcoming candles. 🧠📉
