⚡️Episode 83: Bollinger Bands – Catch the Breakout Before It Explodes! 💣📊
Want to know when volatility is about to unleash a big move?
Bollinger Bands help you spot the calm before the storm! 🌪️
📊 What are Bollinger Bands?
They consist of 3 lines:
📈 Middle Band = Simple Moving Average (usually 20-period)
🔼 Upper Band = SMA + 2 standard deviations
🔽 Lower Band = SMA - 2 standard deviations
💡 How to read them:
🔸 Bands squeeze (get narrow) → Low volatility → Breakout likely soon
🔸 Bands expand → Strong move in progress
🔸 Price touches upper band → Potential resistance
🔸 Price touches lower band → Potential support
🧠 Best uses:
🔹 Spotting when a breakout is likely
🔹 Identifying reversal zones
🔹 Combining with price action or momentum indicators for confirmation
⚠️ Watch out for:
❌ Don’t use it alone – combine it with volume or RSI
❌ Price can “ride” the band during trends – not every touch is a reversal
🟢 Is it available on Binance?
Absolutely ✅
Search for “Bollinger Bands” in the indicators list
🛠️ How to add it on Binance:
Open any chart
Click [🧠 Indicators]
Type "Bollinger Bands"
Add it – default settings (20, 2) work great
📌 Pro Tip:
If bands are tight and price breaks out with volume, it often leads to a strong move 🚀
Combine it with RSI or confirmation candles for higher accuracy 🎯
🚀 Bollinger Bands let you see the pressure building – so you strike before the breakout!
🔥 Next episode: A classic reversal indicator that detects tops and bottoms with smart timing – stay tuned!
