To get straight to the point, the $QNT 4-hour RSI is at 24.6 (oversold).
In the past, whenever I saw an oversold reading, I couldn't resist trying to buy the dip. It took a few painful lessons for me to realize that in a weak market, an asset can stay oversold for a long time. Now I treat RSI as a heads-up, not a trigger.
Share your thoughts in the comments.
#QNT
In the past, whenever I saw an oversold reading, I couldn't resist trying to buy the dip. It took a few painful lessons for me to realize that in a weak market, an asset can stay oversold for a long time. Now I treat RSI as a heads-up, not a trigger.
Share your thoughts in the comments.
#QNT