đ„ RSI DOESNâT TELL YOU TO SELL â HEREâS WHAT IT ACTUALLY MEANS
RSI above 70 does NOT automatically mean sell. đš
The Relative Strength Index (RSI) measures momentum on a scale from 0â100.
đ Above 70: Traditionally considered âoverboughtâ
đ Below 30: Traditionally considered âoversoldâ
â ïž But hereâs the trap: strong trends can keep RSI above 70 or below 30 for a long time.
Thatâs why RSI should be confirmationânot a standalone buy/sell signal.
Look for confirmation from:
âą Price structure
âą Support & resistance
âą Volume
âą Trend direction
âą RSI divergence
$FF $IOST $ATOM
đŻ The real question isnât âIs RSI above 70?â â itâs âWhat is price doing while RSI is above 70?â
đŹ COMMENT âRSIâ if you want the next post: RSI Divergence Explained.
RSI above 70 does NOT automatically mean sell. đš
The Relative Strength Index (RSI) measures momentum on a scale from 0â100.
đ Above 70: Traditionally considered âoverboughtâ
đ Below 30: Traditionally considered âoversoldâ
â ïž But hereâs the trap: strong trends can keep RSI above 70 or below 30 for a long time.
Thatâs why RSI should be confirmationânot a standalone buy/sell signal.
Look for confirmation from:
âą Price structure
âą Support & resistance
âą Volume
âą Trend direction
âą RSI divergence
$FF $IOST $ATOM
đŻ The real question isnât âIs RSI above 70?â â itâs âWhat is price doing while RSI is above 70?â
đŹ COMMENT âRSIâ if you want the next post: RSI Divergence Explained.
