Rsi 30 not means oversold ,it means momentum is downward.Without knowing the trend entering the Trade only based on rsi is utterflop
Post
Randal Crump Ra03
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#TradingTools101 Tips on RSI:
Buy the coin where RSI is at 30 and sell the coin when it is at 70. This rule is called overbought or overbought zone. But in crypto it needs to be modified buy at 5 and sell at 95 all depends upon coin structure.
Ecample : Last time I bought gorilla coin when RSI as at 18 but I lost 48$ because it never came back to that position in 3 days also and my assest was liquidated.
Buy the coin where RSI is at 30 and sell the coin when it is at 70. This rule is called overbought or overbought zone. But in crypto it needs to be modified buy at 5 and sell at 95 all depends upon coin structure.
Ecample : Last time I bought gorilla coin when RSI as at 18 but I lost 48$ because it never came back to that position in 3 days also and my assest was liquidated.
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