@dhall441 on ETHUSD | PriceONN Community
I'm curious to hear others' experiences with using the 200 SMA as a dynamic support level for ETHUSD. In my experience, it's been reliable on the daily timeframe, but I'm wondering if it holds as well on the H4. Any thoughts from those who've backtested this?
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Update: Regarding my previous question about the 200 SMA... I did some further digging and found that the 200 SMA seems to act more as a general area of support/resistance rather than a precise level. I also checked the fibonacci retracement levels. I'm thinking about layering my entries around that area, rather than relying on a single point. Also, volume confirmation is key, so I'll be watching that closely before committing fully. Might also look at the stochastic oscillator for confluence. will keep you guys updated