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Oversold coins in Uptrend
We use RSI indicator but instead of RSI under 30, we used RSI under 50. Why?
RSI Indicator is a range bound oscillator — it ranges from 0 to 100. Typically, RSI under 30 is oversold territory while RSI over 70 is overbought.
However, for coins in an uptrend, RSI rarely reaches 30 during pullbacks.
Take a look at LUNA chart below. During pullbacks, RSI barely reached 40!
So when looking for oversold coins in Uptrend, we must use a different value for RSI…40 or 45.
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