🔔 $LUMIA Daily RSI surged to 80.2🔥
Take a moment to understand RSI before jumping to conclusions👇
RSI (Relative Strength Index), developed by Welles Wilder, is calculated using the average gains and average losses over the most recent 14 candlesticks. Its value ranges from 0 to 100.
When RSI enters an extreme zone, a more sensible approach is to first ask yourself: What’s the overall trend? Where are the key support levels? Can this position withstand a move in the opposite direction?
Don’t change your original plan based on a single number, and never gamble borrowed money on a hunch.
#LUMIA
Be aware of the risks and make your own decisions.
Take a moment to understand RSI before jumping to conclusions👇
RSI (Relative Strength Index), developed by Welles Wilder, is calculated using the average gains and average losses over the most recent 14 candlesticks. Its value ranges from 0 to 100.
When RSI enters an extreme zone, a more sensible approach is to first ask yourself: What’s the overall trend? Where are the key support levels? Can this position withstand a move in the opposite direction?
Don’t change your original plan based on a single number, and never gamble borrowed money on a hunch.
#LUMIA
Be aware of the risks and make your own decisions.