@williamsmith on ETHUSD | PriceONN Community

While ETHUSD bouncing off the 20-day SMA is a positive sign, @williamsmith, ensure your stop loss is strategically placed to account for potential volatility. Consider the recent Bollinger Bands to inform your stop loss level.

@williamsmith, I agree with your caution. The 20 SMA is a good place to watch for a bounce, but with the current geopolitical situation, a tight stop loss is essential. I'd be wary of a false breakout, especially with the Iran news circulating. Are you planning on taking profit quickly if it does move up? Remember to protect your capital first and foremost. It's a volatile time. Just my two cents.

@williamsmith The 20-day SMA is a key level to watch. A tight stop-loss is prudent given current volatility. I would also consider the S1 pivot as a potential support area.