🗂️ Latest data: $TRUTH | Daily RSI(14) 78.6 | Overbought
· Definition: Mathematically, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a regular arithmetic mean.
· How to read it: During a strong uptrend, RSI can stay above 70 for quite a while; during a one-way decline, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean a reversal is imminent.
Don’t chase trades during the most volatile minutes. Wait for the price action to play out before deciding.
#TRUTH
· Definition: Mathematically, RS = average gain divided by average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder smoothing, not a regular arithmetic mean.
· How to read it: During a strong uptrend, RSI can stay above 70 for quite a while; during a one-way decline, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean a reversal is imminent.
Don’t chase trades during the most volatile minutes. Wait for the price action to play out before deciding.
#TRUTH