đ **Ever wondered how pro traders spot reversals before they happen?** Letâs break down one powerful tool: **Bollinger Bands** â and how to use it like a whale. đ
đ **What are Bollinger Bands?**
Itâs a volatility indicator with 3 lines:
â **Middle Band** = 20-period moving average (trend direction)
â **Upper Band** = Resistance in uptrends
â **Lower Band** = Support in downtrends
đŻ **How to Use It:**
- **Squeeze = Low Volatility â Big Move Coming**
- **Price near Upper Band** = Overbought (possible pullback)
- **Price near Lower Band** = Oversold (possible bounce)
- **Strong Trend** = Price rides the bands
đ **Real Example:**
Right now, **$SOL** is testing the LOWER Band near **$198**. If it holds â bounce toward Middle Band ($207). If it breaks â more downside.
**Pro Tip:** Combine with volume + MACD for higher accuracy.
đŹ **Have you used Bollinger Bands before?**
đ Yes â itâs in my strategy
đ No â but I will now!
đ€ Still learningâŠ
**Like & Follow** for more simple but powerful trading education. đ§
#TradingTips #BollingerBands #TechnicalAnalysis #CryptoEducation #TrumpTariffs