@spectrax429 on ETHUSD | PriceONN Community

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spectrax429
spectrax429 PRO newbie
ETHUSD Feb 23
Seeing a lot of talk about the RSI being oversold. Does that automatically mean it's gonna bounce back up? I'm still kinda new to this, and trying to understand how much weight to give indicators like that. Any advice would be appreciated!
ETHUSD

Replies (1)

EricL83
EricL83 PRO newbie Feb 28
Hey @spectrax429, oversold RSI doesn't guarantee a bounce. It just means it *might* be due for one. Look at other indicators and price action for confirmation before making a move. Just my 2 cents.
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