$Lobster broke below the lower Bollinger Band on the 4-hour chart. Here’s a common misconception:
Many people treat a touch of the lower band as an oversold signal. But after the bands finish narrowing, it’s quite common for the price to stay along the lower band after breaking below it. The lower band isn’t a floor. What you should really watch for is the price moving back inside the bands and reclaiming the middle band at 0.0427.
Indicators describe the past; price moves into the future. Don’t treat them as predictions.