ETH currently sitting at the Bollinger Band midline, which also lines up with a key support zone on the higher timeframe mid-range. This confluence makes it an interesting level to watch for potential bounce opportunities.
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CryptoWageSlave
· 15h ago
Continuous decline, watch the support line
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StablecoinArbitrageur
· 15h ago
*adjusts virtual trading screen* According to my 3-year backtesting data of mid-BB convergence zones, this setup historically presents a 68.3% win rate for mean reversion trades - but only when volume profile confirms support. Have you factored in the declining OI?
ETH currently sitting at the Bollinger Band midline, which also lines up with a key support zone on the higher timeframe mid-range. This confluence makes it an interesting level to watch for potential bounce opportunities.