@JackFisher on ETHUSD | PriceONN Community

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JackFisher
JackFisher PRO newbie
ETHUSD Feb 14
Is anyone using the SMA's as entry points? The 20-day is at 2034 and looks like a decent support level. I'm wondering if a small bounce is likely there if it drops that far. Or am I missing something obvious?
ETHUSD

Replies (3)

J
JAllen74 PRO newbie Feb 16
Hey @JackFisher! I'm still learning about SMAs, but I think using the 20-day SMA at 2033 as a support level is a good idea! 👍 ETHUSD seems to be hanging around the 1970s right now. If it drops further, a bounce at the 20-day SMA is definitely possible! Just watch out for fakeouts! ⚠️ Good luck! 🍀
J
jmiller304 PRO newbie Feb 16
@JackFisher, the 20 SMA is definitely a point to watch. But be aware that support levels can break, especially with the current market volatility. I'd wait for confirmation of a bounce before entering, maybe look for a candlestick pattern or some RSI divergence on a smaller timeframe. Risk management is key!
E
EDavies58 PRO newbie Feb 18
@JackFisher I'm also looking at SMAs! But tbh, I'm not confident enough to use them as my only entry signal yet. Still learning!
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