Let's go!
*Indicators
1. *Supertrend*: It is a trend indicator that combines volatility and price movement. When the price is below the Supertrend line, it is a sell signal (as in the case of $MUBARAK ). If it were above, it would be a buy signal.
2. *RSI (Relative Strength Index)*: Measures the strength of price movement. Values:
- Below 30: Oversold asset (possible buy).
- Between 30-70: Neutral zone (wait).
- Above 70: Overbought asset (possible sell).
- In the case of MUBARAK, RSI at 48.78 is in the neutral zone, with no clear signal.
*What to do?*
- If the Supertrend indicates a sell and the RSI is neutral, it may be a signal for caution.
- If you believe in the MUBARAK project, you may wait for a clearer signal (such as RSI < 30 for buying or > 70 for selling).
1. Analyze MUBARAK more or another coin?
2. Understand better how to use these indicators for trades?
3. Define a strategy to operate MUBARAK with risk signals? 😊
Do your own research.
