A coin during a downtrend can remain oversold for long periods. Instead, if the RSI reverts quickly, that can be a good buy-signal.
Best Performing Trading Robot
Trying to catch the falling knife can be tricky as coins can stay oversold for long periods. But if the RSI reverts quickly, that can be a good buy-signal. Buy the coin only if RSI recovers out from oversold conditions. Add stop-loss and take-profit to protect the trade.