š Understanding RSI: Spotting Overbought and Oversold Conditions
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements.
Overbought: RSI above 70 may indicate that an asset is overbought and could be due for a correction.
Oversold: RSI below 30 may suggest that an asset is oversold and could be poised for a rebound.
Use RSI in conjunction with other indicators and market analysis to make informed trading decisions.