The market-watching mini-drama begins: $GTC ’s daily RSI is 75.1, in overbought territory.
RSI 75.1—and my heart rate’s up too.
But seriously: traditionally, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80 / 20 as more extreme thresholds.
Indicators can be wrong, so don’t skip risk management: deciding in advance what to do if your judgment is wrong matters more than guessing right.
RSI 75.1—and my heart rate’s up too.
But seriously: traditionally, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80 / 20 as more extreme thresholds.
Indicators can be wrong, so don’t skip risk management: deciding in advance what to do if your judgment is wrong matters more than guessing right.