🧨 $GTC The daily RSI has surged to 75.1 🔥
Take a couple of seconds to stay calm and understand RSI first 👇
RSI 50 is often seen as the dividing line between strength and weakness: staying above 50 indicates that upward momentum is dominant, while staying below it suggests the opposite.
Oversold only means that the recent decline has been rapid and sharp. The price could rebound afterward, or it could move sideways near the lows for a long time before choosing a direction.
Learning to read indicators isn’t hard; the real challenge is sticking to the rules when the market gets extremely volatile.
Take a couple of seconds to stay calm and understand RSI first 👇
RSI 50 is often seen as the dividing line between strength and weakness: staying above 50 indicates that upward momentum is dominant, while staying below it suggests the opposite.
Oversold only means that the recent decline has been rapid and sharp. The price could rebound afterward, or it could move sideways near the lows for a long time before choosing a direction.
Learning to read indicators isn’t hard; the real challenge is sticking to the rules when the market gets extremely volatile.