$PIEVERSE Daily RSI is 76.1, in overbought territory.
Guys, how should we read the RSI? Here’s the short version 👇
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 for a long time suggests upward momentum is dominant, and vice versa.
Oversold only means prices have fallen sharply and quickly recently. They may rebound afterward, or they may move sideways near the lows for a long time before recovering.
Calculate your position size based on the distance to your stop-loss. It’s much more reliable than guessing.
Guys, how should we read the RSI? Here’s the short version 👇
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 for a long time suggests upward momentum is dominant, and vice versa.
Oversold only means prices have fallen sharply and quickly recently. They may rebound afterward, or they may move sideways near the lows for a long time before recovering.
Calculate your position size based on the distance to your stop-loss. It’s much more reliable than guessing.
