$LUNC Bollinger Bands (BB) 📏
The Setup: $LUNC has been hugging the Lower Bollinger Band (around $0.000038), which typically signals an "oversold" condition. The bands are currently wide, indicating high volatility.
The Reversal Signal: A price bounce off the lower band followed by a candle close above the 20-day Basis (Middle Band) near $0.000045.
The "Squeeze": If the bands start to tighten (contract) after this hit, watch out—that’s usually the calm before a massive breakout move.
💡 The Strategy:
Wait for the MACD cross to confirm the strength of the bounce from the Lower Bollinger Band. Entering before this confirmation is high risk; entering after is catching the trend.
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Disclaimer: This post is for informational purposes only and does not constitute financial advice. Always conduct your own research before investing.
