200 Day SMA can provide a good trading opportunity.
You can enter after a bounce off it, and place your stop a $1 under or whatever risk tolerance you are ok with.
I personally like to watch for a bounce and confirmation with weekly close confirmed above 200day.
Regardless of all of the above after this correction an entry at or slightly above the 200 day is a lot less risky than were were just a few weeks ago.
PUKA