$ZEREBRO ｜Daily RSI(14) 78.8｜Overbought
Before looking at your position, first understand RSI.
RSI 50 is often seen as the dividing line between strength and weakness: staying above 50 over the long term indicates upward momentum is dominant, while staying below it suggests the opposite.
During a strong uptrend, RSI can remain above 70 for a long time; during a one-way decline, it can likewise stay below 30 for an extended period. Overbought or oversold does not mean an immediate reversal.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the signal is saying.
In volatile markets, manage risk first.
Before looking at your position, first understand RSI.
RSI 50 is often seen as the dividing line between strength and weakness: staying above 50 over the long term indicates upward momentum is dominant, while staying below it suggests the opposite.
During a strong uptrend, RSI can remain above 70 for a long time; during a one-way decline, it can likewise stay below 30 for an extended period. Overbought or oversold does not mean an immediate reversal.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the signal is saying.
In volatile markets, manage risk first.