After ERA's 33% Plunge, Has It Bottomed Out? Understanding the $0.84 Lifeline!
Continuous decline has left bulls bleeding, with ERA evaporating 1/3 of its market value in just 30 days. The price has fallen below the lower edge of the two-year high-volume area but happens to land between the lower Bollinger Band and the $0.82 low-volume vacuum zone. Contract open interest has fallen for 7 consecutive days by 9%, and funding rates have turned negative, a rare occurrence. While bears seem to be crushing it, there is a hidden 'dark pool' of 250,000 U buy orders at $0.51. Is this the final drop or a continued abyss? The answer lies in the $1.13 POC value anchor—where 1 billion U in transactions have accumulated. If bulls cannot reclaim it, every rebound is an opportunity to short.
Key Interval Structure and Volume Distribution
1. Value Anchor Zone: POC 1.129, heavy selling pressure above (Down Volume 52.8%), difficult to break through in the short term.
2. High Volume Zone: 1.108–1.150 forms a "ceiling" HVN cluster, and retracement to this point is easily blocked.
3. Low Volume Gap: 0.820–0.884 is an LVN void; if the price breaks below 0.820 with increased volume, it will accelerate towards 0.510.
4. 70% Volume Coverage Area: 1.108–1.151, current price deviates from the lower edge by -24%, on the verge of a historic oversold condition.
Momentum Verification and Dominant Direction
• POC area Up Volume 49.4%, no active buying.
• In the past 20 1h K-lines, Down Volume accounted for 58%, and short sellers are still in control.
• Lower Bollinger Band at 0.820 and MA200 deviation of -12%, short-term technical rebound can be triggered at any time.
Market Cycle Judgment
Late stage of the bear market's main decline, volume-price divergence is beginning to appear, but there is no ultimate washout signal of "volume panic + sharp drop in holdings". Maintain the judgment of a volatile bottom-seeking pattern.
Trading Strategy
| Type | Entry | Stop Loss | First Target | Second Target | Risk/Reward Ratio |
|---|---|---|---|---|---|
| Aggressive Short | 0.884 (VAH) | 0.905 | 0.820 | 0.765 | 2.8 |
| Conservative Short | 0.851 (Lower HVN) | 0.870 | 0.820 | 0.800 | 1.9 |
| Counter-Trend Quick Hit | 0.820±0.005 (LVN False Break) | 0.810 | 0.851 | 0.870 | 3.1 |
Risk Control: If the 1h closing price returns above 0.905, the short structure fails; if spot net outflow exceeds 2 million U again, the decline will accelerate.
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Thanks to "Silicon-Based Liquidity" for providing the base model!
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