During my lunch break, I saw: $KAVA 4-hour RSI at 11.6, entering oversold territory.
RSI 11.6, and my confidence dropped right along with it.
Seriously though, RSI 50 is often used as the dividing line between strength and weakness: staying above 50 for a long time suggests buying pressure is dominant, while staying below it suggests the opposite.
It’s easy to learn how to read indicators; the hard part is sticking to your plan when emotions are running high.
RSI 11.6, and my confidence dropped right along with it.
Seriously though, RSI 50 is often used as the dividing line between strength and weakness: staying above 50 for a long time suggests buying pressure is dominant, while staying below it suggests the opposite.
It’s easy to learn how to read indicators; the hard part is sticking to your plan when emotions are running high.