$ERA
– SIDEWAYS STAGNATION OR BEARISH PAUSE?
DOWN -7.42% • STUCK BELOW $1.2046 AFTER A SHARP DROP
ERA plunged from $1.3268 to $1.1796, forming a temporary base near the lows. Despite a minor bounce, price is failing to reclaim the $1.20–$1.21 zone, which now acts as resistance. If bulls can’t push above $1.205, further downside toward $1.17 is likely.
Trade Setup (Short Bias):
Entry (Short): $1.198–1.205
TP1: $1.179
TP2: $1.165
Stop Loss: $1.213
Bearish momentum remains dominant unless $1.21 is reclaimed with volume.
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