I adopted a strategy for #SOL using ADX, RSI and Bollinger Bands to analyze candlestick charts, and it has worked well. ADX helps measure the strength of the trend, so I already know if the market is strong or weak before I act. RSI comes in to confirm if the asset is overbought or oversold, indicating good entry or exit points. Bollinger Bands show volatility and help identify possible reversals or breakouts. This combination is efficient because it covers strength, direction and volatility, making the analysis of the movements that come next very clear.
What do you think of this approach? Any suggestions or different insights to add?