‼️ RSI dropped to 24.6 on the $ZEC 4-hour timeframe 🥶
Take a couple of seconds to stay calm and understand RSI before drawing conclusions 👇
Traditionally, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80/20 as more extreme thresholds.
Overbought and oversold signals on longer timeframes generally carry more weight than those on shorter ones. Readings on the 4-hour timeframe occur more frequently and come with more noise.
Learning to read indicators is easy; the hard part is sticking to your plan when the market gets extremely volatile.
Take a couple of seconds to stay calm and understand RSI before drawing conclusions 👇
Traditionally, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80/20 as more extreme thresholds.
Overbought and oversold signals on longer timeframes generally carry more weight than those on shorter ones. Readings on the 4-hour timeframe occur more frequently and come with more noise.
Learning to read indicators is easy; the hard part is sticking to your plan when the market gets extremely volatile.