$ERA reacted well after taking liquidity.
Open interest is expanding with the move, and volume is backing the move.
I would rather see a reaction around $0.07076–$0.07127 than chase the current candle. The setup is invalid if price cleanly crosses $0.06983.
Would you take the retest on $ERA , or wait for one more confirmation?
#ERA #Trading
Trade plan: LONG
Entry: $0.07076 - $0.07127
SL: $0.06983
TP1: $0.07288
TP2: $0.07422
TP3: $0.07556
Open interest is expanding with the move, and volume is backing the move.
I would rather see a reaction around $0.07076–$0.07127 than chase the current candle. The setup is invalid if price cleanly crosses $0.06983.
Would you take the retest on $ERA , or wait for one more confirmation?
#ERA #Trading
Trade plan: LONG
Entry: $0.07076 - $0.07127
SL: $0.06983
TP1: $0.07288
TP2: $0.07422
TP3: $0.07556