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Do you know Bollinger Bands? 📊📈 - Lesson 9
Bollinger Bands is another indicator that uses a simple moving average. 🔍 It helps traders identify short-term price movements in a coin's price. 📊
- How it works : Bollinger Bands add an upper and lower band with standard deviations around the moving average 📈
- Overbought and Oversold : If the moving average line moves close to the upper band, it represents an overbought market condition. 📊 If it moves close to the lower band, it represents an oversold market condition 📉
- Volatility : The wider the bands, the more volatile the coin's price is, and the more it swings. 🔄
By using Bollinger Bands, traders can gain insights into market volatility and potential price movements. 📊 This can help them make more informed trading decisions