$IN Daily RSI is 78.8, in overbought territory.
Let’s break this number down.
RSI is calculated using closing prices only. It doesn’t include trading volume, nor does it reflect intraday spikes in candlesticks.
When RSI reaches overbought or oversold territory, a more reliable approach is to first ask yourself: What’s the overall trend? Where are the recent price levels? Can your position withstand further volatility?
Indicators can be inaccurate, but risk management should never be absent: think ahead about how you’ll respond if you’re wrong—that matters more than whether your prediction is accurate.
#IN
Let’s break this number down.
RSI is calculated using closing prices only. It doesn’t include trading volume, nor does it reflect intraday spikes in candlesticks.
When RSI reaches overbought or oversold territory, a more reliable approach is to first ask yourself: What’s the overall trend? Where are the recent price levels? Can your position withstand further volatility?
Indicators can be inaccurate, but risk management should never be absent: think ahead about how you’ll respond if you’re wrong—that matters more than whether your prediction is accurate.
#IN