Whether you use Bollinger Bands depends on your strategy and trading style. Here are some points to consider:
### Benefits of relying on Bollinger Bands:
1. **Volatility**: It helps to know the level of volatility in the market. When the bands are wide, the volatility is high; when they are narrow, the volatility is low.
2. **Support and Resistance**: It can be used to identify support and resistance levels, which helps in making buy and sell decisions.
3. **Signals**: When the price fluctuates near the bars, it can be a signal of a potential trading opportunity (buy or sell).
### Challenges of relying on it:
1. **False Signals**: Like any indicator, Bollinger Bands may sometimes give false signals.
2. **Combine with other indicators**: For best results, it is best to combine Bollinger Bands with other technical indicators such as RSI, MACD, or moving averages.#
