$LUMIA Daily RSI is 80.2, entering overbought territory, with the current price at 0.1483.
Everyone, what is RSI? Here's a quick explanation 👇
RSI 50 is often seen as the dividing line between bullish and bearish strength: staying above 50 over the long term suggests buyers are in control, while staying below it suggests the opposite.
When RSI enters an extreme zone, a more sensible approach is to first consider the bigger picture, where key support levels are, and whether your position can withstand a further move.
All indicators describe past market action, and the market can absolutely move in the opposite direction.
This is not financial advice. Make your own trading decisions.
Everyone, what is RSI? Here's a quick explanation 👇
RSI 50 is often seen as the dividing line between bullish and bearish strength: staying above 50 over the long term suggests buyers are in control, while staying below it suggests the opposite.
When RSI enters an extreme zone, a more sensible approach is to first consider the bigger picture, where key support levels are, and whether your position can withstand a further move.
All indicators describe past market action, and the market can absolutely move in the opposite direction.
This is not financial advice. Make your own trading decisions.