Hi I want jump on the bandwagon right now and buy some shib haha I am looking at the rsi and extremely overbought I see. Should I just wait a bit for it to come down some then buy? Or this still going through the roof and I should get on now?
The overbought level on the RSI does not necessarily means that a crash is near, we must remember that markets can be irrational and if there is a lot of hype around that coin then the RSI could remain in those levels for months, personally if I were you I would not invest as the chances we are seeing yet another manipulation event by some whales is very high and I do not want to buy a coin that has so weak fundamentals for such a high price, because if the crash does indeed comes and you do not sell fast enough then you could need to hold your coins for years.