@jinishdunn786
Bollinger Bands are a useful tool for assessing price volatility. When the price moves near the upper band, it may indicate overbought conditions, while the lower band suggests oversold conditions. The width of the bands also reflects market volatility; wider bands indicate higher volatility, while narrower bands suggest lower volatility. During periods of price consolidation, a breakout above or below the bands can signal significant price movement. Traders often use this indicator in conjunction with other tools like RSI for better decision-making.
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