📉 What Happened to ERA/USDT? Is That $0.20 Wick Real?! 🤯
The 4H chart on $ERA just printed a massive flash wick down to $0.2000 — and many traders are asking, “Was this a glitch or real?”
🧠 Here’s the breakdown:
🔻 Wick to $0.20 = Liquidity Grab
• A massive sell order or bot triggered in a thin orderbook
• This caused stop-loss cascades + low bid fills
• Price instantly bounced back → not true market consensus
🐳 Whale or Bot Games?
• Large players often target low liquidity zones
• They exploit volatility in new listings to hunt retail stop-losses
📉 Still Bearish Short-Term
• Price below EMA(9) & EMA(21)
• RSI = 22 = oversold, but no strong bounce yet
🚫 Don’t blindly “buy the dip” unless:
• Price reclaims $0.96–1.00
• Bullish candle + Volume confirms trend reversal
🧭 Stay safe fam — this was likely a whale trap, not a real floor.
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💬 What’s your strategy now — waiting for breakout or fading the bounce? Drop your thoughts below 👇
