Data snapshot: $AKE | Daily Bollinger Bands | Broke downward after 18 days of contraction
Definition: Standard deviation measures how far prices in the most recent 20 candlesticks deviate from the average: the more volatile the market, the wider the upper and lower bands; the calmer the market, the tighter the bands.
How to read it: Bollinger Bands reflect the degree of volatility; they do not predict whether prices will rise or fall. They are mainly used to gauge whether the market is calm or volatile.
Keep extra margin for leveraged positions so a sudden sharp move doesn’t wipe them out.
#AKE
Definition: Standard deviation measures how far prices in the most recent 20 candlesticks deviate from the average: the more volatile the market, the wider the upper and lower bands; the calmer the market, the tighter the bands.
How to read it: Bollinger Bands reflect the degree of volatility; they do not predict whether prices will rise or fall. They are mainly used to gauge whether the market is calm or volatile.
Keep extra margin for leveraged positions so a sudden sharp move doesn’t wipe them out.
#AKE