$TRUTH ｜Daily RSI(14) 78.6｜Overbought
How should you read RSI? When Wilder first designed RSI, it was intended for commodity markets. Today, virtually all charting tools include it.
When RSI reaches an extreme zone, a more reliable response is to first ask yourself: What’s the overall trend? Where are the key price levels? Can your position withstand a move in the opposite direction?
If you’re using leverage, first work out whether you can withstand the worst-case scenario, then consider what the signal is telling you.
#TRUTH
How should you read RSI? When Wilder first designed RSI, it was intended for commodity markets. Today, virtually all charting tools include it.
When RSI reaches an extreme zone, a more reliable response is to first ask yourself: What’s the overall trend? Where are the key price levels? Can your position withstand a move in the opposite direction?
If you’re using leverage, first work out whether you can withstand the worst-case scenario, then consider what the signal is telling you.
#TRUTH