RSI < 10 Alert ( Bull & Futures Market )
RSI-Based Strategies
Signal Name: MAGIC RSI < 10 Futures Long Buy Signals
Description:
This signal activates when the RSI (Relative Strength Index) drops below 10 on futures charts. An RSI below 10 typically indicates that the asset has entered an oversold condition, suggesting a potential buy opportunity as the price is expected to rebound.
Timeframes:
Effective across all timeframes, with notable performance on 15m, 30m, and 1h charts for short-term setups.
Guidance:
- Entry Trigger: When the RSI begins to rise after touching or breaking below the 10 level, it can signify an entry for a long position.
- Stop Loss: Place stop-loss orders below the recent support level to protect against extended sell-offs.
- Confirmation Tools: Pair this signal with Moving Averages, MACD, or Volume spikes to strengthen the reliability of the entry.
Note:
This signal should not be used as the sole basis for trades. Consider overall market conditions, additional indicators, and proper risk management to avoid false signals and maximize potential gains.
