🧮 Quick data snapshot: $TRUTH ｜Daily RSI(14) 78.6｜Overbought
· Definition: In traditional usage, an RSI above 70 is considered overbought, while below 30 is considered oversold; some use 80 / 20 as stricter thresholds.
· How to read it: RSI is usually more effective in ranging markets, but in trending markets it can generate reversal signals too early.
The same reading can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#TRUTH
· Definition: In traditional usage, an RSI above 70 is considered overbought, while below 30 is considered oversold; some use 80 / 20 as stricter thresholds.
· How to read it: RSI is usually more effective in ranging markets, but in trending markets it can generate reversal signals too early.
The same reading can mean very different things in different market conditions, so don’t blindly apply any single rule of thumb.
#TRUTH