✨ $MAGMA 4-hour Bollinger Bands squeeze, followed by an upside breakout 2 days later, with the upper band at 0.2922.
A squeeze means volatility has fallen to a low level. After the move, watch for two things: whether the bands continue to widen, and whether the price quickly returns inside the bands, forming a false breakout. Do you think this is the beginning or the end?
A squeeze means volatility has fallen to a low level. After the move, watch for two things: whether the bands continue to widen, and whether the price quickly returns inside the bands, forming a false breakout. Do you think this is the beginning or the end?