Technical Notes | $PUMP | 4-hour Bollinger Bands | Breaks downward after 1 day of contraction
Definition: A contraction indicates that price swings have narrowed and buying and selling are temporarily balanced during this period. It only indicates low volatility and does not reveal the direction of the next move.
How to read it: A contraction that lasts longer is generally thought to increase the likelihood of volatility expanding afterward. However, the contraction itself does not indicate which direction the price will move.
Avoid placing orders during the fastest-moving minutes of the market. Wait for the candlestick to close before taking a look.
The data comes from public sources; please verify it yourself.
Definition: A contraction indicates that price swings have narrowed and buying and selling are temporarily balanced during this period. It only indicates low volatility and does not reveal the direction of the next move.
How to read it: A contraction that lasts longer is generally thought to increase the likelihood of volatility expanding afterward. However, the contraction itself does not indicate which direction the price will move.
Avoid placing orders during the fastest-moving minutes of the market. Wait for the candlestick to close before taking a look.
The data comes from public sources; please verify it yourself.