#Overbought & #oversold

📊 Overbought & Oversold: How does it work? 📈📉

Key market zones that indicate when the price may reverse.

🟢 Oversold

• The price has fallen too low - temporarily or excessively.

• RSI < 30.

• There may be a chance of a rebound - the asset is becoming interesting to buy.

• Many coins are now in this zone: $SUN , $MERL - a bottom may be forming.

🔴 Overbought

• The price has risen too much.

• RSI > 70.

• A correction or pause after growth is likely - it's time to take profits.

• In this zone now: $HYPE - a cooling after a surge is possible.

⚠️ Rule of thumb: no indicator gives guarantees - they are only hints, not a verdict.

HYPE
HYPEUSDT
33.3
-10.35%
MERLBSC
MERLUSDT
0.05539
+7.97%
SUN
SUNUSDT
0.018645
-0.04%