$ERA is up 3.5 percent today and I am sitting this one out
Volume is sitting at 0.6x the seven day average which means this bounce lacks real backing
Price sits at 0.6580 dollars right now near the top of the daily range after dropping 30.1 percent from the recent high of 0.09420 dollars
An hourly close and hold above 0.06760 dollars would change my mind instantly
Or a clean pullback that holds 0.06060 dollars and bounces hard
It could keep running without me because a bad entry costs more than a missed move
Chasing $ERA here, or waiting for 0.06060
#ERA #RiskManagement
Volume is sitting at 0.6x the seven day average which means this bounce lacks real backing
Price sits at 0.6580 dollars right now near the top of the daily range after dropping 30.1 percent from the recent high of 0.09420 dollars
An hourly close and hold above 0.06760 dollars would change my mind instantly
Or a clean pullback that holds 0.06060 dollars and bounces hard
It could keep running without me because a bad entry costs more than a missed move
Chasing $ERA here, or waiting for 0.06060
#ERA #RiskManagement