đ The $PUMP 4-hour price broke below the lower Bollinger Band (0.003938). From the perspective of futures traders:
During the squeeze, the price moves within a narrow range, and both bulls and bears tend to place their stop-losses at either end of the range. When the price drops below the lower band, the bullsâ stop-losses get triggered, which may amplify the downward move. But once the forced selling is over, if large buyers step in, the price can easily bounce back.
Current price: 0.00392. Save this and check back in a few days to see how the trend plays out.
During the squeeze, the price moves within a narrow range, and both bulls and bears tend to place their stop-losses at either end of the range. When the price drops below the lower band, the bullsâ stop-losses get triggered, which may amplify the downward move. But once the forced selling is over, if large buyers step in, the price can easily bounce back.
Current price: 0.00392. Save this and check back in a few days to see how the trend plays out.