✅ RSI Indicator Summary:
RSI Value Meaning What to do?
Below 30 🔽 Oversold Price may bounce ➜ Potential buying opportunity
Between 30 and 70 ⚖️ Neutral Zone Do not enter solely based on RSI, wait for confirmation
Above 70 🔼 Overbought Price has risen significantly ➜ Beware of a potential correction
Above 85 🚨 Extremely Overbought Selling opportunity or wait for a drop before entering
🧠 Important Reminder:
Do not rely on RSI alone, use it with other indicators (like MACD and EMA) to confirm entry or exit.
Some insights may come from ChatGPT
