$APR 4-hour breakout above the upper Bollinger Band. Let’s talk about a very common misconception:
Many people treat a touch of the upper band as an overbought signal. In fact, after a squeeze ends and a breakout occurs, it’s quite common for the price to keep moving along the upper band. In this case, the upper band is evidence of strength, not a ceiling. What you should really watch for is the price falling back inside the bands and breaking below the middle band at 0.05614.
Don’t go all in or out based on a single signal; leaving yourself some room is safer.
#APR
Markets involve risk. Exercise caution when entering.
Many people treat a touch of the upper band as an overbought signal. In fact, after a squeeze ends and a breakout occurs, it’s quite common for the price to keep moving along the upper band. In this case, the upper band is evidence of strength, not a ceiling. What you should really watch for is the price falling back inside the bands and breaking below the middle band at 0.05614.
Don’t go all in or out based on a single signal; leaving yourself some room is safer.
#APR
Markets involve risk. Exercise caution when entering.
