Market observation notes: $TAO 4-hour RSI is 24.9, entering oversold territory.
RSI is 24.9, and my confidence has sunk along with it.
A bit of serious background: when Wilder first introduced RSI, it was intended for commodity markets. Now it’s built into almost every charting platform.
Understanding an indicator helps you avoid being misled by a single number; it’s not for predicting price movements with precision.
RSI is 24.9, and my confidence has sunk along with it.
A bit of serious background: when Wilder first introduced RSI, it was intended for commodity markets. Now it’s built into almost every charting platform.
Understanding an indicator helps you avoid being misled by a single number; it’s not for predicting price movements with precision.