Upper Band (UB) as Resistance
• Definition: Acts as a resistance level. When the price approaches or touches the upper band, it suggests that the asset may be overbought, meaning it might be trading at a higher price than its intrinsic value. Traders often look to sell or short the asset at this point, anticipating a price drop or pullback.
• Trading Strategy: Traders often look to sell or short the asset when price touches or exceeds the upper band, anticipating a reversal or pullback. “This strategy usually works well in a sideways market.”

Lower Band (LB) as Support
• Definition: The lower band represents a level of support. When the price approaches the lower band, it indicates that the asset may be oversold.
• Trading Strategy: Traders often look to buy the asset when price touches or fall below the lower band, anticipating a bounce or upward reversal. “This strategy usually works well in a sideways market.”

How They Work
• Upper Band (UB): Acts as a resistance level. When the price approaches or touches the upper band, it suggests that the asset may be overbought, meaning it might be trading at a higher price than its intrinsic value. Traders often look to sell or short the asset at this point, anticipating a price drop or pullback.
• Lower Band (LB): Acts as a support level. When the price approaches or touches the lower band, it suggests that the asset may be oversold, meaning it might be trading at a lower price than its intrinsic value. Traders often look to buy the asset at this point, anticipating a price increase or bounce.

Key Points
• Volatility: The distance between the upper and lower bands widens during periods of high volatility and narrows during periods of low volatility.
• Trend Identification: Upper band and Lower band can help identify trends. If the price consistently touches the upper band, it indicates a strong uptrend. Conversely, if it consistently touches the lower band, it indicates a strong downtrend.
• Sideways Market: In a sideways market, the price tends to oscillate between the upper and lower