$AAVE ｜4-hour Bollinger Bands｜Broke downward after 2 days of contraction
Before looking at fund flows, first understand Bollinger Bands.
Statistically, the closing price usually stays between the upper and lower bands. A move outside them indicates that the price fluctuation has exceeded its recent norm.
When the price returns between the bands, this is often seen as a sign that the breakout lacked momentum, causing many people to lose confidence in the signal.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#AAVE
Before looking at fund flows, first understand Bollinger Bands.
Statistically, the closing price usually stays between the upper and lower bands. A move outside them indicates that the price fluctuation has exceeded its recent norm.
When the price returns between the bands, this is often seen as a sign that the breakout lacked momentum, causing many people to lose confidence in the signal.
The same data can mean very different things in different market conditions, so don’t blindly apply a single rule of thumb.
#AAVE