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Whoever traded without knowing how this indicator works is the loser..
Relative Strength Index (RSI) :-
This indicator's scale ranges from 0 to 100, and it is usually considered in the overbought zone if it is above 70, and in the oversold zone if it is below 30.
When the RSI is above 70: this means that the stock or asset may be overbought, and a correction or short decline may occur.
When the RSI is below 30: this means that the stock or asset may be oversold, and a bullish reversal may occur.
When the RSI drops from the overbought zone (above 70): this may be a signal of the beginning of a decline.
When the RSI rises from the oversold zone (below 30): this may be a signal of the beginning of a rise.
In this way, you can deduce the future price direction.
$BTC $SOL $BNB
#BNBBreaks1000 #BinanceHODLerBARD
Relative Strength Index (RSI) :-
This indicator's scale ranges from 0 to 100, and it is usually considered in the overbought zone if it is above 70, and in the oversold zone if it is below 30.
When the RSI is above 70: this means that the stock or asset may be overbought, and a correction or short decline may occur.
When the RSI is below 30: this means that the stock or asset may be oversold, and a bullish reversal may occur.
When the RSI drops from the overbought zone (above 70): this may be a signal of the beginning of a decline.
When the RSI rises from the oversold zone (below 30): this may be a signal of the beginning of a rise.
In this way, you can deduce the future price direction.
$BTC $SOL $BNB
#BNBBreaks1000 #BinanceHODLerBARD
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.