$ADA ｜Daily RSI(14) 24.6｜Oversold
Before looking at your position, first understand RSI.
In traditional usage, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80 / 20 as stricter thresholds.
When you see RSI enter overbought or oversold territory, a more sensible approach is to first ask yourself: What’s the overall trend? Where are the key support levels? Can your position withstand further volatility?
It’s not hard to understand indicators. The hard part is still following the rules when emotions are running high.
Just sharing some thoughts—make your own decisions.
Before looking at your position, first understand RSI.
In traditional usage, an RSI above 70 is considered overbought, while one below 30 is considered oversold. Some people use 80 / 20 as stricter thresholds.
When you see RSI enter overbought or oversold territory, a more sensible approach is to first ask yourself: What’s the overall trend? Where are the key support levels? Can your position withstand further volatility?
It’s not hard to understand indicators. The hard part is still following the rules when emotions are running high.
Just sharing some thoughts—make your own decisions.
