A squeeze on the Bollinger Bands could be happening in the coming days. This usually indicates consolidation, and an exit from such a pattern is generally explosive. You can see that it has already happened once on Pi.
So, a good squeeze on the BB followed by a breakout of the 'bounce zone' would be a strong long position, with a stop-loss (SL) around 1.6.
The previous analysis suggested a long position, but the price did not respond accordingly to the support, so I hope you didn’t enter a long position.
That's it for today. Have a good week, guys!
So, a good squeeze on the BB followed by a breakout of the 'bounce zone' would be a strong long position, with a stop-loss (SL) around 1.6.
The previous analysis suggested a long position, but the price did not respond accordingly to the support, so I hope you didn’t enter a long position.
That's it for today. Have a good week, guys!
Trade active
Look for a big movement, the BBs are starting to squeeze!Note
The price has already closed above the BB, and a close above the bounce zone would be the perfect long entry. Wait a bit more.Order cancelled
Well, the BB got broken in the opposite direction. No trade this time.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.