$LINK 4 hours RSI(14) 21.4, entering the oversold zone, current price 12.474.
Oversold doesn’t necessarily mean the bottom is in right away; in a weak market, RSI can remain dull below 30 for a long time. What’s more worth watching is bullish divergence at the base—price makes new lows, but RSI does not make new lows.
Indicators are for reference, not a switch; ultimately, you still need to rely on the price itself.
#LINK
Not investment advice. Please do your own research before trading.
Oversold doesn’t necessarily mean the bottom is in right away; in a weak market, RSI can remain dull below 30 for a long time. What’s more worth watching is bullish divergence at the base—price makes new lows, but RSI does not make new lows.
Indicators are for reference, not a switch; ultimately, you still need to rely on the price itself.
#LINK
Not investment advice. Please do your own research before trading.