🐋 $PUMP 4 hours broke above the upper Bollinger Band (0.004589). From the perspective of futures market flows:
During the squeeze, the price tends to move sideways, and both bulls and bears often place limit orders near the edges of the range. When the price breaks above the upper band, short stop-losses are likely to be triggered, which can fuel a further rise. But if there aren't enough active buyers to follow through once those stops have been triggered, the price can easily retreat.
Current price: 0.004613. How do you usually handle this kind of situation?
During the squeeze, the price tends to move sideways, and both bulls and bears often place limit orders near the edges of the range. When the price breaks above the upper band, short stop-losses are likely to be triggered, which can fuel a further rise. But if there aren't enough active buyers to follow through once those stops have been triggered, the price can easily retreat.
Current price: 0.004613. How do you usually handle this kind of situation?