🌟 RSI indicator in "Daily Trading Classroom" 📈
RSI (Relative Strength Index) is a magic tool used to determine whether the market is "overbought" or "oversold"✨! It is like a barometer of market sentiment, telling you whether everyone is more inclined to buy or sell.
Simple understanding👇:
👉 Overbought:
When the RSI value exceeds 70, it means that everyone is buying frantically💸, and the price may have risen a bit too much at this time~ There may be a correction (falling down📉).
👉 Oversold:
When the RSI value is lower than 30, it means that many people in the market are selling😭, and the price may have fallen a bit too much, and there may be a rebound (rise back📈) in the future.
RSI value range: 0~100
The higher the value (above 70): it means that the buying power is very strong🔥!
The lower the value (below 30): it means that the selling power is stronger🌧️.
💡 Tips: Using RSI can help you avoid "chasing up and selling down" and better seize buying and selling opportunities~🌟
