RSI Indicator: A Trader's Tool for Detecting Market Overbought and Oversold Conditions

Text:

The RSI indicator, or Relative Strength Index, is one of the most popular tools used by traders to determine if the market is in an overbought or oversold condition.

The indicator ranges from 0 to 100:

If above 70 → the market is in the overbought zone, meaning a correction or decline may occur soon.

If below 30 → the market is in the oversold zone, meaning there is a chance of a bullish rebound.

But keep in mind 👀

No indicator works alone. The RSI must be confirmed with support and resistance levels or with other indicators like MACD or Bollinger Bands.

This indicator is not magic, but it reveals moments of market exhaustion, and these are excellent opportunities if you can connect them with comprehensive technical analysis.

📌 If you find this information useful, share it with those you care about, and give us a simple like to reach more people.

🔍 This information is not a recommendation, and the market always carries risks, so think with your mind and make your decision with your hands.

$BTC $PLUME $XRP #ETHBreaksATH #BNBATH900 #HEMIBinanceTGE #FamilyOfficeCrypto #FamilyOfficeCrypto