@coreshift364 on XAGUSD | PriceONN Community
Anyone else noticing the Bollinger Bands tightening on the daily chart? Could signal a volatility spike incoming for silver. I'm thinking a short position might be a good play if we break below the lower band around 72.08. Just a thought, DYOR!
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Update: I'm seeing a bit of a bounce now, but the RSI is still below 50, confirming the bearish trend. I'll wait for a clear rejection at the 20 SMA (currently around 73.9) before entering short. Stop loss would be just above that level. Also, keeping an eye on gold (XAUUSD) for any correlation; might give some clues. It's all a probabilities game, isn't it? Remember that time I yolo'd into Doge? Let's just say my risk management has improved since then, lol.
J
Interesting observation @coreshift364. Bollinger Band squeeze could definitely lead to a significant move. I'll keep an eye on that lower band break, but I'd want to see confirmation with volume before entering a short.