🧮 Data: $ETH ｜Daily RSI (14) 24.4｜Oversold
· Meaning: RSI is calculated using closing prices only. It doesn’t take trading volume into account, and it doesn’t reflect the wicks that form during a candlestick either.
· How to read it: RSI tends to vary from coin to coin. Highly volatile small-cap coins also tend to hit very high or low readings more often, so be cautious about applying the same thresholds across the board.
Calculate your position size based on where you place your stop-loss—it’s far more reliable than guessing.
Personal notes; make your own decisions about buying and selling.
· Meaning: RSI is calculated using closing prices only. It doesn’t take trading volume into account, and it doesn’t reflect the wicks that form during a candlestick either.
· How to read it: RSI tends to vary from coin to coin. Highly volatile small-cap coins also tend to hit very high or low readings more often, so be cautious about applying the same thresholds across the board.
Calculate your position size based on where you place your stop-loss—it’s far more reliable than guessing.
Personal notes; make your own decisions about buying and selling.