According to the #RSI indicator filter, at the daily level, #zen , #moca , #uxlink have entered the overbought zone with the recent price increase. If they rise to a critical point or resistance level, they may face a correction in the future;
VANA, BAN, ACX, THE have entered or are close to the oversold zone after recent price declines. If they drop to important support areas below, they may face a rebound in the future.
Of course, overbought and oversold indicators are biased towards left-side trading ideas, which involve guessing bottoms and escaping tops, a subjective contrarian mindset. In contrast, the Matthew effect and right-side trading ideas are completely opposite because the strong tend to get stronger, and the weak tend to get weaker. Objective trend-following trading ideas may allow overbought and oversold tokens to continue their recent strong or weak trends.
Today is Christmas, wishing everyone a Merry Christmas!
