Bollinger Bands are not just lines… they are a way to understand the hidden psychology of the market!

🔥 Next Indicator: Bollinger Bands

Did the price shoot up suddenly? Or did it crash without warning? 🤔

Professionals know the secret… It's Bollinger Bands 🔥

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📌 What is the Bollinger Bands indicator?

It is a smart tool that measures volatility in the market.

It helps you know when the market is 'very calm' or 'very crazy'! 😵‍💫

It consists of 3 lines:

• The middle line: Simple Moving Average (SMA)

• The upper and lower lines: Two standard deviations above and below the middle line

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🧭 How to add Bollinger Bands on the Binance app? (Step by step for beginners)

1️⃣ Open the Binance app

2️⃣ Go to 'Markets' and select the desired currency

3️⃣ Click on 'Chart'

4️⃣ Click on 'Indicators'

5️⃣ Type in the search: Bollinger Bands

6️⃣ Activate the indicator and 3 lines will automatically appear on the chart 💡

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🧠 How to use it wisely?

🔹 When the price touches the lower line:

🔁 It may bounce back up → Buying opportunity (especially if accompanied by support)

🔹 When it touches the upper line:

🔻 It may drop → Selling opportunity or wait for a correction

🔹 When the bands are very narrow:

⚠️ The market is very calm → An explosion is coming, either upward or downward!

🔹 When the bands suddenly widen:

🚨 Strong momentum entry → Watch the movement and beware of high volatility