A genuine observation: after $ZEC 4 hours, RSI reached 24.6 (oversold).
In the past, whenever I saw an oversold reading, I couldn't resist trying to buy the dip. It took a few painful lessons for me to realize that in a weak market, an asset can stay oversold for a long time. Now I treat RSI as a reminder, not a trigger.
Anyone knowledgeable care to weigh in?
In the past, whenever I saw an oversold reading, I couldn't resist trying to buy the dip. It took a few painful lessons for me to realize that in a weak market, an asset can stay oversold for a long time. Now I treat RSI as a reminder, not a trigger.
Anyone knowledgeable care to weigh in?
