đ Educational Post:
Title: Are You Using Bollinger Bands the Right Way?
Post:
Bollinger Bands are a powerful tool for spotting reversals and breakouts:
đč Upper Band = Overbought â price might reverse down
đč Lower Band = Oversold â price might bounce up
đč Middle Line (20 EMA) = trend direction
đĄ Scalper Tip:
If price touches the lower band and RSI < 30, it might be a good entry for a long.
If it hits the upper band and RSI > 70, consider a short.
â ïž Tight bands? A breakout could be coming!
đ Do you use Bollinger Bands in your trading?
Share your setup or experience in the comments!
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