$TRUTH ｜Daily RSI(14) 78.6｜Overbought
How should you read RSI? “Overbought” means prices have risen too quickly and sharply over the short term. It doesn’t mean too many people are buying, nor does it mean a fall is imminent.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell us what will happen next.
Don’t disrupt your original pace based solely on a particular number, and especially don’t use borrowed money to test a reading.
#TRUTH
How should you read RSI? “Overbought” means prices have risen too quickly and sharply over the short term. It doesn’t mean too many people are buying, nor does it mean a fall is imminent.
RSI is calculated from historical prices and reflects the strength of past price movements. It can’t tell us what will happen next.
Don’t disrupt your original pace based solely on a particular number, and especially don’t use borrowed money to test a reading.
#TRUTH