Oh ho! $ERA , today again starts with a 70-point run!
This kind of price action is almost identical to those coins where, on previous days, they pulled 50%-70% in a single day. Chasing it has a worse risk-reward ratio. If you want to get involved, wait for a pullback into the 0.09–0.095 range and then enter a bit later. Set your stop-loss at 0.085, and keep your position size within 3%. If you didn’t get on the train, just watch—missing the move doesn’t lose money in this kind of market; chasing high is what gets people in trouble.
This kind of price action is almost identical to those coins where, on previous days, they pulled 50%-70% in a single day. Chasing it has a worse risk-reward ratio. If you want to get involved, wait for a pullback into the 0.09–0.095 range and then enter a bit later. Set your stop-loss at 0.085, and keep your position size within 3%. If you didn’t get on the train, just watch—missing the move doesn’t lose money in this kind of market; chasing high is what gets people in trouble.