I've recently started to use bollinger bands width because in certain situation it can be very meaningful and quicker to use than normal BB. The points I highlighted had similar BBW after an uptrend. After such squeeze there was another one pump but stronger. I don't know if my use of this tool is correct but in any case RSI is showing a little bullish DIV at 4h and VLPR is below current price, it's enough to make me think this is going up.
As you can see my support line at 2.16 held already so that support is consolidated, I'd use it as stop loss if I were to enter. I think this is a good entry point.
Good luck
As you can see my support line at 2.16 held already so that support is consolidated, I'd use it as stop loss if I were to enter. I think this is a good entry point.
Good luck
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.