#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: $WLFI , $TAO - 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: $LUNC - a cooling after a surge is possible.

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

LUNC
LUNC
0.00004565
+3.30%
TAO
TAOUSDT
259.67
+6.79%
WLFI
WLFIUSDT
0.0815
-0.12%