Emergency update from this jokester: $NEAR 4-hour RSI is 24.2, in oversold territory, with the current price at 2.947.
RSI 24.2, and my confidence has sunk right along with it.
On a serious note, the traditional interpretation is that an RSI above 70 is considered overbought, while below 30 is considered oversold; some traders use 80 / 20 as more extreme thresholds.
Indicators can fail, but risk management shouldn’t be absent: think first about what you’ll do if your judgment is wrong—that matters more than whether your guess is right.
#NEAR
RSI 24.2, and my confidence has sunk right along with it.
On a serious note, the traditional interpretation is that an RSI above 70 is considered overbought, while below 30 is considered oversold; some traders use 80 / 20 as more extreme thresholds.
Indicators can fail, but risk management shouldn’t be absent: think first about what you’ll do if your judgment is wrong—that matters more than whether your guess is right.
#NEAR
