Yesterday I tried the RSI strategy for trading altcoins. So, I set the RSI at level 30 to look for oversold areas. After seeing the price movement starting to stabilize, I entered at a price of $1.50 and when the price broke $1.65, I exited with a 10% profit. The result met my expectations, as the RSI is quite effective for finding entry opportunities in oversold conditions.

For the next trade, I will consider using additional indicators, like MACD, for entry confirmation. So, I won't just rely on one indicator.