2026-01-01 21:27:06

During the consolidation of $SOMI around $0.24, which indicator is most handy? Bollinger Bands are my first choice.

The trading logic is actually quite straightforward—every time $SOMI touches the upper band of the Bollinger Bands, I decisively short; when it hits the lower band, I consider going long. This method provides clear signals and smooth execution.

The beauty of Bollinger Bands lies in their consideration of both price deviations and volatility. In low-volatility environments like consolidation zones, they can catch rebound and retest points. Of course, indicators are always just references—confirm with volume and candlestick patterns for more solid results.

How do you usually operate during this consolidation phase?

SOMI-0.08%

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SelfCustodyBro

· 18h ago

The Bollinger Bands are indeed good, but I'm more concerned about whether the trading volume has kept up... The price level of 0.24 still feels a bit weak.

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CoinBasedThinking

· 18h ago

Bollinger Bands are indeed good, but I pay more attention to trading volume. Sometimes the price reaches the upper band without volume, so I still have to wait. Bro, this logic is similar to my idea, just worried about being trapped in consolidation. The 0.24 level is a bit awkward. Hey, where do you set your stop-loss when shorting? Asking for experience. Actually, the hardest part now is not finding indicators, but avoiding being fooled by rebounds—Bollinger Bands are useful, but they need to be combined with volume. I still prefer to look at candlestick patterns more; indicators tend to become dull. I've been trapped a few times in this market rally.

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GweiWatcher

· 18h ago

Bollinger Bands can indeed be used for bottom fishing, but I prefer to look at trading volume, which feels more stable. I'm just asking, can the 0.24 level hold? Bollinger Bands + volume and price confirmation, I've used this trick too, but it's easy to get caught. After such a long consolidation, it feels like a breakout is imminent, right? Hey, do you think relying solely on Bollinger Bands might be too one-sided? It's easy to identify rebound points, but I'm worried about false breakouts and not reacting in time. This SOMI coin seems to lack enthusiasm; just looking at indicators might not be enough.

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