📉 $ERA Short | The "Double Top" Reversal
Execution Levels:
Entry Zone: 0.2064 – 0.2073 (The "failed breakout" zone)
Stop Loss: 0.2110 (Safety above the local high)
Target 1: 0.2010 (The Neckline / Immediate Support — Currently testing)
Target 2: 0.1950 (24h Low / Fibonacci 0.618)
Target 3: 0.1900 (Psychological Demand Floor)
Sentiment: Bearish Trend Shift 📉
The price is currently hovering near the "neckline" of the pattern at $0.201. A break below this will likely accelerate the slide toward $0.190.
The Setup: Following the rejection at $0.2105, volume on the second peak was significantly lower than the first—a classic bearish divergence. Your entry at $0.2064 – $0.2073 captures the "right shoulder" exhaustion perfectly.
The Catalyst: While Caldera’s ecosystem continues to expand (50+ chains integrated), the 85.15% locked supply remains a constant "Sword of Damocles" for traders. Small-scale unlocks or simply the lack of fresh buy-side liquidity in the "Altcoin Season Index" (currently at a low 27) are making it hard for ERA to maintain momentum.
