$MIRA MIRAUSDT BOLLINGER BANDS SQUEEZE SUGGESTS IMPENDING VOLATILITY
Short Trade Signal
Trade Setup:
Based on the 15m chart with Bollinger Bands (20, 2):
• Entry: Short at a break below the Lower Bollinger Band, ideally below the recent low.
• Suggested Entry: $0.5960 (Just below the Middle Band)
• TP 1 (Target): The recent swing low.
• Target 1: $0.5949
• TP 2 (Target): The Lower Bollinger Band (DN) value or a move towards the daily low.
• Target 2: $0.5890 - $0.5850 (near 24h low)
• SL (Stop Loss): Above the Middle Bollinger Band (MB) to negate the bearish pressure.
• Stop Loss: $0.6050
Short Outlook of Market:
The price is currently consolidating near the Middle Bollinger Band, following a sharp rejection from the Upper Band (UP) at $0.6269. The Bollinger Bands have narrowed considerably (a "squeeze"), which typically precedes a period of increased volatility and a potential breakout. Given the prior strong sell-off from the high, the immediate short-term bias is leaning bearish. A break below the consolidation range (Middle Band and Lower Band) would confirm a continuation of the downtrend.
