$ERA at Critical Crossroad – Momentum Shift or Trap?
ERA is currently trading at $1.2462, holding near a short-term range after recent bullish momentum. The market is showing indecision near a key resistance level. Price is coiling up, and the next breakout or breakdown could define the next phase.
Key Levels to Watch:
• Resistance Zone: $1.2550 – $1.2620
A breakout above this range could ignite continuation toward recent highs.
• Support Zone: $1.2400 – $1.2300
If this area gives way, expect increased selling pressure and a potential fade toward the recent bottom.
Trade Setup – Get Ready for Impact
Bullish Scenario:
A strong breakout above $1.2620 could fuel an upside continuation with targets at:
• TP1: $1.2800
• TP2: $1.3050
Bearish Scenario:
Losing $1.2400 may attract sellers and push ERA toward:
• TP1: $1.2150
• TP2: $1.1750
Volume is gradually picking up, suggesting a potential move is brewing. Keep a close watch on order flow around $1.2550 for confirmation of direction.