💡 $WAL daily RSI surged to 76.4🔥
Don’t get carried away just yet—understand RSI first👇
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 for a long time suggests upward momentum is dominant, while staying below it suggests the opposite.
During a one-way rally, RSI can remain above 70 for quite a while; during a sustained decline, it can likewise stay below 30 for a long time. Overbought or oversold doesn’t necessarily mean an immediate reversal.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to predict tops and bottoms.
#WAL
Don’t get carried away just yet—understand RSI first👇
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 for a long time suggests upward momentum is dominant, while staying below it suggests the opposite.
During a one-way rally, RSI can remain above 70 for quite a while; during a sustained decline, it can likewise stay below 30 for a long time. Overbought or oversold doesn’t necessarily mean an immediate reversal.
The point of understanding this indicator is to avoid being spooked by a single number—not to use it to predict tops and bottoms.
#WAL