How to read the RSI indicator without having a FOMO attack"
The RSI indicator, or as traders like to call it: "the sacred intuition", is simply the market's thermometer.
If you see the number above 70? That means the market is "overbought", or in clearer terms: people bought to the point that the indicator said "enough!".
And below 30? The market is "oversold", meaning everyone sold to the extent that the indicator is considering starting a GoFundMe!
But beware: RSI does not give you buy or sell signals, it just tells you:
"My dear, the situation is not normal… think a bit before you dive in with all your capital!"
Remember, RSI does not hate you, it is just more straightforward than your mother when she tells you that crypto is not a real job.
