RSI is basically a quick way to tell you if it is oversold, or overbought, in the period of time you set it to. generally, a good way to do it, is look at the RSI over a short term, medium term, and long term. Long term being like a couple weeks. If the RSI in all three cases is low, that is a good indicator that it is a good entry point. If you combine this with other tools, you can gain a very confident entry into a trade.
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