@ArchieC8 on ETHUSD | PriceONN Community
I'm trying to understand how to best utilise the Bollinger Bands on ETHUSD. Currently, the price is near the upper band, suggesting potential overbought conditions, but the RSI isn't confirming this. Given the 20 SMA is below the 50 SMA, could this indicate a potential short-term bearish signal despite the current bullish trend? I'm considering a small short position with a tight stop-loss above the R1 pivot point, but I'm concerned about a possible breakout. Any thoughts on this strategy?