$DOGE ｜Daily RSI(14) 24.4｜Oversold
Before looking at your position, understand RSI first.
“Overbought” means prices have risen too quickly and too sharply in the short term. It doesn’t mean too many people are buying, nor does it mean prices will fall immediately.
Many people pay more attention to when RSI moves out of the overbought or oversold zone—for example, when it falls from above 70 to below 70—rather than going against the trend as soon as it enters the zone.
Don’t change your original plan because of a single number, and never gamble on a reading with borrowed money.
Before looking at your position, understand RSI first.
“Overbought” means prices have risen too quickly and too sharply in the short term. It doesn’t mean too many people are buying, nor does it mean prices will fall immediately.
Many people pay more attention to when RSI moves out of the overbought or oversold zone—for example, when it falls from above 70 to below 70—rather than going against the trend as soon as it enters the zone.
Don’t change your original plan because of a single number, and never gamble on a reading with borrowed money.
