Classic! BNB✨ can now be traded short-term! I entered at 633 and exited at 645!
The previous consolidation period before Bol is where the main force is arranging the entire market, gathering chips. [(BOLL upper and lower bands close together = consolidation state = price fluctuations decrease (closing price changes little))]
Next is the main force's launching period, the rally period (which is now✨), where the main force is heavily buying (increased volume green candle, MACD green bars expanding, price breaking through the upper Bollinger band, Bollinger bands widening)
Currently, it seems the main force has not yet started to sell; if they begin selling, we will see increased VOL, MACD weakening/divergence, RSI overheating. [Although the RSI is already overheating, the Bollinger bands are still widening, the price is above the upper Bollinger band, and there are continuous green candles; I judge that it is still a strong breakout extension (main force's launching period)]
Specifically, the main force's selling will show high-level fluctuations, with consecutive red candles (red candlestick columns) = bearish candles (closing price < opening price), and false breakouts (RSI high divergence/increased volume without price increase/appearance of long upper shadows/breaking below the upper Bollinger band/MA5)
Currently, it seems the main force has not started selling!
