Many brothers only know a little about the Bollinger Bands, understanding only the roles of support and resistance, without learning the true secrets of the Bollinger Bands indicator. I will reveal the usage techniques of this indicator to everyone.
1. After the upper and lower bands of the Bollinger Bands narrow and then widen, when the price moves along the upper band, the wider the opening and the more the middle band moves upwards, the stronger the price rise.
2. When the price strongly breaks through the middle band, you can enter the market; if it breaks through the upper band, you can continue to hold.
3. After the upper and lower bands narrow and then widen, when the price moves along the lower band and the middle band turns down, you should exit in time.
4. When the price breaks below the lower band, a medium bullish candle returning above the lower band is a rebound opportunity; if it encounters the middle band, you can exit.
5. When the price breaks above the upper band and then corrects, you can treat the middle band as a support level.
6. When the price fluctuates around the middle band, it indicates a sideways market; you can sell high and buy low between the upper and lower bands.
If you like contracts, enjoy studying charts, and researching techniques, click on the avatar. With years of experience and skills in the cryptocurrency circle, I share them for free. I am waiting for you in the circle, always online, welcome to discuss and improve together.