$UNI The daily Bollinger Bands tightened for about 17 days before breaking below the lower band (6.4273).
Let’s talk about what’s behind this number.
All three Bollinger Bands keep shifting with each new candlestick. A candle that moves outside the bands before it closes may end up back inside by the close.
The price action after a breakout can also quickly converge again, so don’t take a single breakout as proof that a trend is definitely starting.
Leave plenty of margin when using leverage, so one long wick doesn’t liquidate your position.
Let’s talk about what’s behind this number.
All three Bollinger Bands keep shifting with each new candlestick. A candle that moves outside the bands before it closes may end up back inside by the close.
The price action after a breakout can also quickly converge again, so don’t take a single breakout as proof that a trend is definitely starting.
Leave plenty of margin when using leverage, so one long wick doesn’t liquidate your position.
