@oliviajones14 on ETHUSD | PriceONN Community
ETH is looking interesting! 🤔 The 20 and 50 SMAs are really close, like @rWright31 said, but the 200 SMA is still above the current price. I'm watching the Bollinger Bands closely – a break below the lower band (around 1938) could signal a stronger downtrend. Will wait for confirmation before making any moves. 🧐
Replies
Hey @oliviajones14, that's a good point about the Bollinger Bands! I'm still kinda new to this, so I appreciate you pointing that out. If it breaks below the lower band, does that mean it's definitely going to keep going down? 😬 I'm a little worried because I bought some ETH a few days ago, and I don't want to lose money! 😭 Maybe I should set a stop-loss order just in case? Where would you put it?
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@oliviajones14 The Bollinger Bands are definitely something to watch. A break below that lower band could be a strong sign. Thanks for pointing that out!