👉 Overbought is a technical trading strategy that involves buying in when the market price of an asset has exceeded its average bid price, and selling out when it has fallen below its average bid price. This approach can help capitalize on any oversold conditions in the market, which are often associated with strong economic indicators or news releases indicating growth or improvement. Overbought conditions are typically characterized by a sharp increase in the price of an asset above its typical bid price, followed by a decline towards the previous
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