$WAL Daily RSI is 76.4, putting it in overbought territory.
Guys, what is RSI? Here’s a quick explanation👇
Simply put, RSI measures how much of the total price movement over a recent period came from upward moves. The more the gains outweigh the losses, the closer RSI gets to 100.
During a strong uptrend, RSI can stay above 70 for a long time. During a sustained downtrend, it can also remain below 30 for an extended period. Overbought or oversold conditions don’t necessarily mean a reversal is imminent.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
#WAL
Guys, what is RSI? Here’s a quick explanation👇
Simply put, RSI measures how much of the total price movement over a recent period came from upward moves. The more the gains outweigh the losses, the closer RSI gets to 100.
During a strong uptrend, RSI can stay above 70 for a long time. During a sustained downtrend, it can also remain below 30 for an extended period. Overbought or oversold conditions don’t necessarily mean a reversal is imminent.
Sizing your position based on the distance to your stop-loss is much more reliable than guessing.
#WAL