$STRK Daily RSI is 75.4, entering overbought territory.
Let's use this reading to break down RSI.
The RSI for the same coin can vary considerably across timeframes: while it's elevated on the 4-hour chart, it may still be in the middle range on a higher timeframe.
RSI tends to work relatively well in range-bound markets, but in one-way trends it often gives reversal signals too early.
Don't let a single reading derail your original plan, and don't use borrowed money to test a reading.
Opinions are for discussion only. You assume all risks.
Let's use this reading to break down RSI.
The RSI for the same coin can vary considerably across timeframes: while it's elevated on the 4-hour chart, it may still be in the middle range on a higher timeframe.
RSI tends to work relatively well in range-bound markets, but in one-way trends it often gives reversal signals too early.
Don't let a single reading derail your original plan, and don't use borrowed money to test a reading.
Opinions are for discussion only. You assume all risks.