đ $GTC Daily RSI is 75.1, in overbought territory.
RSI itself doesnât determine price, but plenty of people watch it, and its readings influence many of their decisions.
âOverboughtâ means prices have risen too quickly and too sharply in the near term. It doesnât mean too many people are buying, nor does it mean a drop is imminent.
During a one-way rally, RSI can stay above 70 for a long time; during a sustained decline, it can likewise remain below 30 for a long time. Overbought and oversold conditions donât mean an immediate reversal.
Leave plenty of room in your futures positionsâdonât let one sudden swing wipe you out.
#GTC
RSI itself doesnât determine price, but plenty of people watch it, and its readings influence many of their decisions.
âOverboughtâ means prices have risen too quickly and too sharply in the near term. It doesnât mean too many people are buying, nor does it mean a drop is imminent.
During a one-way rally, RSI can stay above 70 for a long time; during a sustained decline, it can likewise remain below 30 for a long time. Overbought and oversold conditions donât mean an immediate reversal.
Leave plenty of room in your futures positionsâdonât let one sudden swing wipe you out.
#GTC