🧭 Data snapshot: $ERA ｜Daily RSI(14) 76.5｜Overbought
· What it means: In the classic interpretation, an RSI above 70 is considered overbought, and below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
· How to read it: Oversold only means that recent declines have been too fast and concentrated. The price may rebound afterward, or it may drift sideways at low levels for a long time before choosing a direction.
Keep extra margin in leveraged positions so a single sharp move doesn’t force you out of your position.
#ERA
· What it means: In the classic interpretation, an RSI above 70 is considered overbought, and below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
· How to read it: Oversold only means that recent declines have been too fast and concentrated. The price may rebound afterward, or it may drift sideways at low levels for a long time before choosing a direction.
Keep extra margin in leveraged positions so a single sharp move doesn’t force you out of your position.
#ERA