Objectively speaking, $NEAR 4 hours has been so narrow over the past 3 days that I almost didn't want to watch it anymore. I didn't expect it to just break above the upper band.
My understanding of a Bollinger Band squeeze: it's like a compressed spring—the tighter it's squeezed, the more forcefully it tends to bounce back when released. But this time it shot out and then returned inside the band (3.741), so I'll wait for the next candle to confirm.
Let's all keep an eye on what happens next.
My understanding of a Bollinger Band squeeze: it's like a compressed spring—the tighter it's squeezed, the more forcefully it tends to bounce back when released. But this time it shot out and then returned inside the band (3.741), so I'll wait for the next candle to confirm.
Let's all keep an eye on what happens next.
