#Overbought & #oversold
📊 Overbought & Oversold: How does it work? 📈📉
Key market zones that indicate when the price may reverse.
🟢 Oversold
• The price has fallen too low - temporarily or excessively.
• RSI < 30.
• There may be a chance of a rebound - the asset is becoming interesting to buy.
• Many coins are now in this zone: $SUN , $MERL - a bottom may be forming.
🔴 Overbought
• The price has risen too much.
• RSI > 70.
• A correction or pause after growth is likely - it's time to take profits.
• In this zone now: $HYPE - a cooling after a surge is possible.
⚠️ Rule of thumb: no indicator gives guarantees - they are only hints, not a verdict.
HYPEUSDT
Perp
27.92
+24.09%
MERLUSDT
Perp
0.08918
-12.09%
SUNUSDT
Perp
0.017893
-12.00%