$ERA – SELL PRESSURE BUILDING, DOWNSIDE RISK AHEAD
$ERA is trading at $0.9241, down -6.23%, after failing to hold above the $0.9400 resistance. The recent sharp rejection from $0.9399 has triggered consecutive red candles, with sellers dominating and momentum shifting bearish. If price breaks below the $0.9120 support, we could see an accelerated drop toward $0.9000. Bulls will need to reclaim $0.9400 quickly to avoid deeper losses.
Short Setup:
Entry: $0.9260 – $0.9300
TP1: $0.9120
TP2: $0.9000
Stop Loss: $0.9420