$Lobster’s 4-hour Bollinger Bands squeezed, then broke below the lower band (0.03604) about 4 days later. The bandwidth at the time of the squeeze was 21.74%.
Brothers, what does a Bollinger Bands squeeze mean? Here’s the short version👇
Bollinger Bands were developed by John Bollinger and consist of three lines: the middle band is a 20-period moving average, the upper band is the middle band plus 2 standard deviations, and the lower band is the middle band minus 2 standard deviations.
When the price moves back inside the bands, it’s often seen as a sign that the breakout lacked strength, leading many people to put less faith in the signal.
Don’t change your original strategy because of a single indicator—and definitely don’t use borrowed money to test what a reading means.
#龙虾
Markets involve risk. Trade with caution.
Brothers, what does a Bollinger Bands squeeze mean? Here’s the short version👇
Bollinger Bands were developed by John Bollinger and consist of three lines: the middle band is a 20-period moving average, the upper band is the middle band plus 2 standard deviations, and the lower band is the middle band minus 2 standard deviations.
When the price moves back inside the bands, it’s often seen as a sign that the breakout lacked strength, leading many people to put less faith in the signal.
Don’t change your original strategy because of a single indicator—and definitely don’t use borrowed money to test what a reading means.
#龙虾
Markets involve risk. Trade with caution.