$ERA Breakdown or Bounce – Watch This Crucial Zone!
ERA is hovering near $1.23 after a steep drop, facing rejection from the $1.25 zone. Bulls are trying to reclaim momentum, but the chart shows indecision and rising volume near support.
Key Price Levels to Watch:
Resistance Levels:
• $1.25 – First short-term breakout test
• $1.28 – Mid-range resistance
• $1.32 – Major recovery zone
Support Levels:
• $1.22 – Current structure base
• $1.20 – Breakdown line for further selloff
Trade Setup – Breakout or Breakdown Ahead
Bullish Case:
A breakout above $1.25 could trigger upside towards:
• Target 1: $1.28
• Target 2: $1.32
Bearish Case:
Failure to hold $1.22 may drag ERA toward:
• Target 1: $1.20
• Target 2: $1.16
Stay alert – volume is spiking, and price action is tightening near critical levels. Next candle could decide the trend.