@josephcyclist on ETHUSD | PriceONN Community
Is anyone else watching the Bollinger Bands on ETHUSD? The lower band is around 1875 right now. I'm curious how much weight people put on these bands as support levels, especially with the current bearish trend. It seems like a potential entry point for a long position, but I'm hesitant given the overall market sentiment. Any thoughts?
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Update: RSI is showing oversold conditions too, but I'm still wary of a potential bull trap. Need more confirmation before considering a long position. Will keep monitoring.