@oliviadavies92 on ETHUSD | PriceONN Community
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Hey everyone! I'm trying to figure out a good entry point for ETH. The Bollinger Bands are showing some squeeze, which usually means a breakout is coming, right? But the 200 SMA is right there, acting as resistance. I'm thinking of waiting for a confirmed break above 2005 with good volume before entering a long position. What do you guys think? Is that too conservative? Or should I be looking at a short position if it bounces off the 200 SMA again? Any opinions would be awesome!