$TRUTH Daily RSI is 78.6, entering overbought territory, with the current price at 0.02034.
Let’s use this figure to talk about RSI.
Put simply, RSI measures how much of the total price movement over a recent period came from gains: the more gains outweigh losses, the closer RSI gets to 100.
Oversold just means prices have fallen too quickly and sharply during this period. They may rebound afterward, or they may stay low and move sideways for a long time before recovering.
Extreme readings usually indicate greater volatility. That’s when you should be more inclined to reduce leverage, not increase your position.
#TRUTH
Let’s use this figure to talk about RSI.
Put simply, RSI measures how much of the total price movement over a recent period came from gains: the more gains outweigh losses, the closer RSI gets to 100.
Oversold just means prices have fallen too quickly and sharply during this period. They may rebound afterward, or they may stay low and move sideways for a long time before recovering.
Extreme readings usually indicate greater volatility. That’s when you should be more inclined to reduce leverage, not increase your position.
#TRUTH