$EVAA ｜Daily RSI(14) 76.5｜Overbought
How should you interpret RSI? In the classic approach, an RSI above 70 is considered overbought, while below 30 is considered oversold; some also use 80 / 20 as more extreme thresholds.
RSI is calculated from historical prices and describes the strength of a move that has already happened. It can't tell you what to do next.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signal says.
How should you interpret RSI? In the classic approach, an RSI above 70 is considered overbought, while below 30 is considered oversold; some also use 80 / 20 as more extreme thresholds.
RSI is calculated from historical prices and describes the strength of a move that has already happened. It can't tell you what to do next.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signal says.
