My method for searching for a purchase area using the BOLL indicator:
If I think about buying a coin, I open the chart on the 4-hour timeframe, add the BOLL indicator, then I monitor the purple lower band. When a red candle drops and approaches the lower band, I consider it a potential buying zone—but I don’t rely on it alone; I wait for:
1- A reversal candle
2- Nearby support
3- RSI decreasing and then turning upward
4- An improvement in trading volume
Touching the lower band doesn’t mean the price will rise immediately, especially if the overall trend is strongly bearish.
Do you use the BOLL indicator to determine entry areas?
(( not financial advice )) $GPS
#Binance #BTC
#عملات_رقمية #Crypto_Jobs🎯
If I think about buying a coin, I open the chart on the 4-hour timeframe, add the BOLL indicator, then I monitor the purple lower band. When a red candle drops and approaches the lower band, I consider it a potential buying zone—but I don’t rely on it alone; I wait for:
1- A reversal candle
2- Nearby support
3- RSI decreasing and then turning upward
4- An improvement in trading volume
Touching the lower band doesn’t mean the price will rise immediately, especially if the overall trend is strongly bearish.
Do you use the BOLL indicator to determine entry areas?
(( not financial advice )) $GPS
#Binance #BTC
#عملات_رقمية #Crypto_Jobs🎯