$Lobster broke below the lower Bollinger Band on the 4-hour chart. Let’s talk about a common misconception:
Many people tend to treat a touch of the lower band as an oversold signal. In fact, in the early stages of a breakdown after the bands finish narrowing, it’s common for the price to continue moving along the lower band. At this point, the lower band is not a bottom. What matters more is whether the price moves back inside the bands and rises above the middle band at 0.0427.
Don’t make decisions based on just one indicator—pay attention to volume and key levels too.
#龙虾
Many people tend to treat a touch of the lower band as an oversold signal. In fact, in the early stages of a breakdown after the bands finish narrowing, it’s common for the price to continue moving along the lower band. At this point, the lower band is not a bottom. What matters more is whether the price moves back inside the bands and rises above the middle band at 0.0427.
Don’t make decisions based on just one indicator—pay attention to volume and key levels too.
#龙虾