Just a quick thought: the daily RSI for $IRYS has reached 75.8 (overbought).
When I first got into this space, I couldn’t resist trying to call the top whenever I saw an overbought reading. It took a few hard lessons to understand that in a strong market, something can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Do any of you hold anything related?
#IRYS
When I first got into this space, I couldn’t resist trying to call the top whenever I saw an overbought reading. It took a few hard lessons to understand that in a strong market, something can stay overbought for a long time. Now I treat RSI as a heads-up, not a trigger.
Do any of you hold anything related?
#IRYS