#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: $KITE , $MYX - 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: $CHZ - a cooling after a surge is possible.

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

CHZUSDT

Perp

0.04229

-2.49%

MYXUSDT

Perp

0.219

-9.65%

KITEUSDT

Perp

0.1448

-9.50%