@david5120 on ETHUSD | PriceONN Community

Hey @david5120, you mentioned the 200 SMA on the daily chart. I'm still trying to get my head around all these moving averages. What exactly are you looking for when the price crosses them like that? Is there a specific one you find most reliable for ETHUSD?

Hey @david5120, I saw your comment about the 200 SMA on the daily chart. I'm still trying to wrap my head around all these moving averages myself, but it does look a bit concerning when price dips below them like that. I was watching a livestream earlier and the analyst said that a break below the 200 SMA often signals a shift in trend, so your caution around 2030-2040 makes sense. They were also talking about how the Bollinger Bands look pretty tight right now, suggesting a potential breakout is brewing, but it's hard to tell which way it'll go. I'm personally a bit nervous holding any positions right now with this kind of chop, waiting for a clearer signal. Are you thinking of setting a tighter stop loss given the volatility?