#Overbought & #oversold
๐ Overbought & Oversold: How does it work? ๐๐
Key market zones that indicate when the price may reverse.
๐ข Oversold
โข The price has fallen too low - temporarily or excessively.
โข RSI < 30.
โข There may be a chance of a rebound - the asset is becoming interesting to buy.
โข Many coins are now in this zone: $MERL . $NIGHT - a bottom may be forming.
๐ด Overbought
โข The price has risen too much.
โข RSI > 70.
โข A correction or pause after growth is likely - it's time to take profits.
โข In this zone now: $SENT - a cooling after a surge is possible.
โ ๏ธ Rule of thumb: no indicator gives guarantees - they are only hints, not a verdict.


NIGHTUSDT
ุฏุงุฆู
0.04875
+0.72%


SENTUSDT
ุฏุงุฆู
0.02634
+0.99%


MERLUSDT
ุฏุงุฆู
0.04776
+0.04%