Listen, about trading indicators and RSI—if it drops below 30, it's considered a buy zone, and if it rises above 70, it's a sell zone. This is completely false, and not even the indicator creator said that. The indicator simply reads the average closing price over 14 candles. It has nothing to do with buying or selling at all, so don't fall into the trap and get eaten up by -78%🔻 and more.
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❌ Incorrect technical indicators ❌
Listen, about trading indicators and RSI—if it drops below 30, it's considered a buy zone, and if it rises above 70, it's a sell zone.
This is completely false, and not even the indicator creator said that.
The indicator simply reads the average closing price over 14 candles.
It has nothing to do with buying or selling at all, so don't fall into the trap and get eaten up by -78%🔻 and more.