$KAIA Daily RSI is 82.7, which is in overbought territory.
How is this number calculated?
Put simply, RSI measures the proportion of total price movement over a period that comes from upward moves: the more gains outweigh losses, the closer RSI gets to 100.
Oversold just means prices have fallen quickly and sharply recently. They may rebound afterward, or they may move sideways at low levels for a while before choosing a direction.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
#KAIA
Just my personal take—not necessarily accurate, so take it with caution.
How is this number calculated?
Put simply, RSI measures the proportion of total price movement over a period that comes from upward moves: the more gains outweigh losses, the closer RSI gets to 100.
Oversold just means prices have fallen quickly and sharply recently. They may rebound afterward, or they may move sideways at low levels for a while before choosing a direction.
With leveraged positions, first work out whether you can withstand the worst-case scenario, then consider what the signals are saying.
#KAIA
Just my personal take—not necessarily accurate, so take it with caution.