$PUMP ｜4-hour RSI (14) 24.2｜Oversold
Before discussing fund flows, let's first understand RSI.
“Overbought” means prices have risen quickly and sharply in the short term. It doesn't mean there are too many buyers, nor does it mean a drop is imminent.
During a strong rally, RSI can stay above 70 for quite a while; during a sustained decline, it can remain below 30 for a long time. Overbought and oversold conditions don't mean an immediate reversal is coming.
The same reading can mean very different things in different market conditions, so don't blindly apply one rule of thumb.
#PUMP
Before discussing fund flows, let's first understand RSI.
“Overbought” means prices have risen quickly and sharply in the short term. It doesn't mean there are too many buyers, nor does it mean a drop is imminent.
During a strong rally, RSI can stay above 70 for quite a while; during a sustained decline, it can remain below 30 for a long time. Overbought and oversold conditions don't mean an immediate reversal is coming.
The same reading can mean very different things in different market conditions, so don't blindly apply one rule of thumb.
#PUMP