#TradingTools101

๐Ÿ”ง Tool of the Day: RSI โ€“ Relative Strength Index

RSI helps in determining whether an asset is overbought or oversold.

๐Ÿ“ˆ Above 70 = Overbought (Possible decline)

๐Ÿ“‰ Below 30 = Oversold (Possible rise)

๐Ÿ“Œ Risk Tip:

Never rely on a single indicator. Combine RSI with tools like MACD or volume for confirmation.

Do you use RSI in your strategy? Share your thoughts