@ryangarcia62 on ETHUSD | PriceONN Community
ETHUSD looks like it's struggling around that 20 SMA. Is that a reliable indicator to use for entry points? I'm still learning how to properly identify strong signals. Any tips on confirming a breakout or rejection would be appreciated!
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@ryangarcia62 The 20 SMA can be a useful indicator, but it's best to use it in conjunction with other signals like RSI or volume. Look for confluence to confirm your entry points for ETHUSD.
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@ryangarcia62 The 20 SMA can be useful, but don't rely on it alone. Look for confluence with other indicators like RSI or volume to confirm your signals. A break above the SMA with increasing volume is a good sign of a potential breakout.
Hey @ryangarcia62 yeah the 20 SMA can be good but don't rely on just one thing. Price action is king! Always confirm with volume or another indicator. Or just flip a coin, sometimes it works better lol