$ERA broke below the 0.09 level, 77 days since it was last here.
Let's use this figure to take a closer look at key price levels.
The longer it's been since the price last reached this level, the more the distribution of positions in this area may have changed. Past support and resistance may no longer hold.
When the price repeatedly crosses above and below a key level, traders on both sides may get shaken out. It may be safer to stay on the sidelines or trade lightly until the direction becomes clearer.
Sizing your position based on where you place your stop-loss is far more reliable than placing trades on a whim.
#ERA
These are just views for discussion; you are responsible for your own gains and losses.
Let's use this figure to take a closer look at key price levels.
The longer it's been since the price last reached this level, the more the distribution of positions in this area may have changed. Past support and resistance may no longer hold.
When the price repeatedly crosses above and below a key level, traders on both sides may get shaken out. It may be safer to stay on the sidelines or trade lightly until the direction becomes clearer.
Sizing your position based on where you place your stop-loss is far more reliable than placing trades on a whim.
#ERA
These are just views for discussion; you are responsible for your own gains and losses.