Question 1

What does oversold mean in crypto?

Accepted Answer

Oversold in crypto means the RSI (Relative Strength Index) has dropped below 30, indicating that selling pressure has been extreme. This often signals that the price may be due for a bounce or reversal, though it should not be used as a standalone buy signal.

Question 2

Should I buy crypto when RSI is below 30?

Accepted Answer

An RSI below 30 can indicate a potential buying opportunity, but you should not buy immediately. Wait for confirmation that RSI is turning back up above 30, check for support levels, and use other indicators to confirm. In strong downtrends, RSI can stay oversold for extended periods.

Oversold Scanner

How to Trade Oversold Crypto

Identify Oversold

Wait for Confirmation

Check Support

Manage Risk