@msmith269 on ETHUSD | PriceONN Community

I've been looking at ETHUSD and noticed the recent bearish trend, with the price falling below several key SMAs. The Bollinger Bands suggest increased volatility, but I'm unsure if this is a good time to enter a long position, considering the overall downward pressure. What indicators are you all using to confirm potential reversals? Also, what are your opinions on using Fibonacci retracement levels to identify possible support areas during this downtrend? I'm trying to refine my strategy and would appreciate any advice on managing risk in this volatile market.