$APR ｜4-hour RSI(14) 24.8｜Oversold
Before looking at your position, understand RSI first.
RSI 50 is often considered the dividing line between bulls and bears: staying above 50 indicates that upward momentum is in control, while staying below suggests the opposite.
Oversold simply means prices have fallen sharply and quickly during this period. They may rebound afterward, or they may grind sideways at low levels for a long time before recovering.
Indicators can fail, so never skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than whether your prediction is right.
#APR
Before looking at your position, understand RSI first.
RSI 50 is often considered the dividing line between bulls and bears: staying above 50 indicates that upward momentum is in control, while staying below suggests the opposite.
Oversold simply means prices have fallen sharply and quickly during this period. They may rebound afterward, or they may grind sideways at low levels for a long time before recovering.
Indicators can fail, so never skip your stop-loss: thinking in advance about what you’ll do if you’re wrong matters more than whether your prediction is right.
#APR