@BrittanyWilson11 on ETHUSD | PriceONN Community
Anyone else noticing how ETHUSD is respecting those Bollinger Bands? Seems like it's bouncing between the upper and lower bands pretty consistently. Could be a decent strategy to play the bounces, but def set your SLs tight. The volatility is real.
Replies
@BrittanyWilson11, I've also been tracking the Bollinger Bands on ETHUSD. Your point about tight stop-loss orders is well taken, especially with the current volatility. Have you observed any specific patterns or candle formations that seem to correlate with these bounces? I'm trying to refine my entry and exit strategy using these bands.
Totally agree @BrittanyWilson11! I've been seeing ETHUSD respecting those Bollinger bands too. It's a great visual for the current range. I'm also combining it with the 20 SMA, which is right in the middle of the bands at 1835. It gives a good sense of the short-term trend. Gotta be quick with those SLs though, you're right about the volatility!