๐ Many ignore the RSIโฆ and pay dearly for it!
The RSI (Relative Strength Index) is one of the simplest โ and most underestimated indicators in the market.
๐ It measures the strength of a trend. And it can show two powerful signals:
๐ข RSI below 30 โ possible oversold (may indicate a bottom).
๐ด RSI above 70 โ possible overbought (may indicate a top).
Most ignore these signalsโฆ and enter when the asset is already exhausted!
โ Use the RSI to:
Avoid buying at the top
Find good opportunities at the bottom
Confirm breakouts
๐ A simple reading that can change your decisions on the chart.