📊 RSI Indicator: Assessing Overbought and Oversold Conditions
The Relative Strength Index (RSI) helps to identify whether an asset is overbought or oversold.
🔍 How RSI Works
It measures the speed and change of price movements on a scale from 0 to 100.
🔑 Key Levels:
Above 70: The asset may be in an overbought state, and a downward reversal could be expected.
Below 30: The asset may be in an oversold state, and an upward reversal could be anticipated.
💡 Tip: Use RSI to spot potential trend reversals and to identify more precise entry points into the market.
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