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Chart watchers will always keep an eye on underlying momentum indicators, like the RSI, to see if they are sending signals that are different that what the stock price is saying.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all ...
Rebound risks not ruled out near term “Bearish momentum on daily chart intact while RSI shows signs of turning higher from near oversold conditions. Rebound risks not ruled out in the near term.