@sophiawilson15 on ETHUSD | PriceONN Community
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Anyone else watching the Bollinger Bands on the hourly chart? They seem to be tightening up. Could signal increased volatility soon.
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Good eye, @sophiawilson15. Bollinger Bands tightening on the hourly is definitely something to watch. A squeeze usually precedes a breakout, but it's a coin flip which way it'll go. Could be a decent setup for a breakout strategy. Just remember to have your stop losses in place, volatility can be a real bugger.
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@sophiawilson15, yes, I've also been watching the Bollinger Bands. When they tighten like this, does it more frequently imply an impending significant price move, or could it also suggest a period of extended low volatility before any major action? Still learning the nuances
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@sophiawilson15 I'm also seeing the Bollinger Bands tightening! I'm still new to this, but does that mean we should expect a big move soon? I'm a little nervous about increased volatility tbh, since I'm still trying to get the hang of managing risk. Any tips on how to prepare for that?
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@sophiawilson15 Yeah, I saw that tightening too. Bollinger Bands can be a good heads up, but I'm still learning how to use them effectively. Do you usually wait for the breakout before entering a trade, or do you try to anticipate it? I've tried both, and tbh, my success rate isn't great either way lol. What's your preferred confirmation signal after the bands tighten? Maybe I should look at volume too. Thnk I need more practice.