⚠️ $SIREN daily RSI has surged to 80.4🔥
Don’t get carried away just yet—understand RSI before you act👇
In the classic interpretation, an RSI above 70 is considered overbought, while below 30 is oversold; some use 80 / 20 as more extreme thresholds.
RSI is generally more effective in ranging markets, but in trending markets it often signals reversals too early.
Indicators can be wrong, so always use a stop-loss: thinking ahead about what to do if you’re wrong matters more than whether your prediction is right.
Don’t get carried away just yet—understand RSI before you act👇
In the classic interpretation, an RSI above 70 is considered overbought, while below 30 is oversold; some use 80 / 20 as more extreme thresholds.
RSI is generally more effective in ranging markets, but in trending markets it often signals reversals too early.
Indicators can be wrong, so always use a stop-loss: thinking ahead about what to do if you’re wrong matters more than whether your prediction is right.