@aqureshi827 on ETHUSD | PriceONN Community

To add to my point about skepticism, when I look at the Bollinger Bands, the price is currently right at the upper band around 2067.9. From what I've read, this often suggests that momentum might be slowing or that a reversal could be imminent. My main concern for a position trade is that entering now feels quite risky given how stretched the price appears. I'm trying to figure out if this is a genuine breakout to new highs or if it's more likely to pull back towards the 20 SMA, which is around 1938.03. How do experienced traders confirm such moves to avoid false signals before placing a significant trade?

Following up on my previous thought, I'm just wondering if this strong upward move might actually lead to a period of consolidation or even a minor retracement. It feels very extended now.