🗒️ Latest data: $KGEN ｜4-hour RSI(14) 79.5｜Overbought
· Definition: RSI is calculated using closing prices only. It does not take trading volume into account or reflect wicks that form during a candlestick.
· Common interpretation: Extreme readings on higher timeframes are usually more significant than those on the 4-hour timeframe. Signals occur more frequently on lower timeframes, but so does noise.
Rare readings often indicate more intense swings. At times like these, it’s better to reduce leverage rather than increase your position.
Stay calm. Don’t get carried away.
· Definition: RSI is calculated using closing prices only. It does not take trading volume into account or reflect wicks that form during a candlestick.
· Common interpretation: Extreme readings on higher timeframes are usually more significant than those on the 4-hour timeframe. Signals occur more frequently on lower timeframes, but so does noise.
Rare readings often indicate more intense swings. At times like these, it’s better to reduce leverage rather than increase your position.
Stay calm. Don’t get carried away.