‼️ RSI surged to 96.8 in $ORDER 4 hours 🔥
Hold on—understand RSI before taking action 👇
By formula, RS = average gain ÷ average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic average.
In a steady uptrend, RSI can stay above 70 for a long time; in a steady downtrend, it can remain below 30 for an extended period. Overbought or oversold doesn’t mean an immediate reversal.
Indicators can be inaccurate, so don’t skip risk management: deciding in advance what to do if you’re wrong matters more than guessing correctly.
#ORDER
Hold on—understand RSI before taking action 👇
By formula, RS = average gain ÷ average loss, and RSI = 100 − 100 ÷ (1 + RS). The averages use Wilder’s smoothing, not a simple arithmetic average.
In a steady uptrend, RSI can stay above 70 for a long time; in a steady downtrend, it can remain below 30 for an extended period. Overbought or oversold doesn’t mean an immediate reversal.
Indicators can be inaccurate, so don’t skip risk management: deciding in advance what to do if you’re wrong matters more than guessing correctly.
#ORDER