A classic trading-screen moment: $TRUTH ’s daily RSI is 78.6, in overbought territory.
RSI at 78.6—and my blood pressure’s rising too.
A quick bit of serious education: in the classic interpretation, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
Unusually high readings usually signal more dramatic volatility. At times like these, it’s better to reduce your position rather than add to it.
#TRUTH
RSI at 78.6—and my blood pressure’s rising too.
A quick bit of serious education: in the classic interpretation, an RSI above 70 is considered overbought, while one below 30 is considered oversold; some people use 80 / 20 as more extreme thresholds.
Unusually high readings usually signal more dramatic volatility. At times like these, it’s better to reduce your position rather than add to it.
#TRUTH