Post 107
My most recent trade involved using Bollinger Bands to catch a reversal. I noticed BTC was hugging the lower Bollinger Band with low volume and forming a double bottom pattern. These are signals of potential reversal. I entered the trade once I saw a bullish divergence on the RSI. I kept my risk small and waited. The price soon moved above the middle band, and momentum started building. I scaled out in stages and exited fully once the price reached the upper Bollinger Band. This strategy of combining indicators gave me more confidence and clarity. Timing and confirmation are everything.
