A few personal thoughts: the $PEPE 4-hour RSI has reached 75.2 (overbought).
In the past, whenever I saw an overbought reading, I couldn't resist trying to pick the top. It took a few hard lessons for me to realize that in a strong market, something can stay overbought for a long time. Now I treat the RSI as a reminder, not a switch.
Feel free to share what you've noticed.
In the past, whenever I saw an overbought reading, I couldn't resist trying to pick the top. It took a few hard lessons for me to realize that in a strong market, something can stay overbought for a long time. Now I treat the RSI as a reminder, not a switch.
Feel free to share what you've noticed.