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How to Turn the RSI Indicator into a Secret Weapon in Trading? 🌸🌼 Profitable Strategies
⚡1. Overbought and Oversold Strategy
Buy at Oversold: When the RSI drops below 30 and then rises above it, it can be a signal to buy.
Sell at Overbought: When the RSI rises above 70 and then drops below it, it can be a signal to sell.
⚡2. Divergence Strategy
Positive Divergence: Occurs when the price reaches a new low while the RSI rises, which may indicate a potential bullish reversal.
Negative Divergence: Occurs when the price reaches a new high while the RSI drops, which may indicate a potential bearish reversal.
⚡3. Breakout Strategy
Breaking 50: When the RSI moves above or below 50, it can indicate the start of a strong trend. Crossing the RSI above 50 may indicate the beginning of a bullish trend, while crossing below 50 may indicate the beginning of a bearish trend.
#TradingTales #candlestick_patterns #TradingCommunity #RSI
⚡1. Overbought and Oversold Strategy
Buy at Oversold: When the RSI drops below 30 and then rises above it, it can be a signal to buy.
Sell at Overbought: When the RSI rises above 70 and then drops below it, it can be a signal to sell.
⚡2. Divergence Strategy
Positive Divergence: Occurs when the price reaches a new low while the RSI rises, which may indicate a potential bullish reversal.
Negative Divergence: Occurs when the price reaches a new high while the RSI drops, which may indicate a potential bearish reversal.
⚡3. Breakout Strategy
Breaking 50: When the RSI moves above or below 50, it can indicate the start of a strong trend. Crossing the RSI above 50 may indicate the beginning of a bullish trend, while crossing below 50 may indicate the beginning of a bearish trend.
#TradingTales #candlestick_patterns #TradingCommunity #RSI
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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