Technical note｜$BAT ｜Daily RSI(14) 82.2｜Overbought
First, a quick definition: the 14 in RSI refers to 14 candlesticks. On a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s two weeks.
How to read it: when RSI enters overbought or oversold territory, a prudent response is to first think through the bigger picture, where the key price levels are, and whether your position can withstand further volatility.
Knowing how to read indicators isn’t difficult. The hard part is sticking to your rules when the market is at its most emotional.
Just my personal opinion—please consider it rationally.
First, a quick definition: the 14 in RSI refers to 14 candlesticks. On a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s two weeks.
How to read it: when RSI enters overbought or oversold territory, a prudent response is to first think through the bigger picture, where the key price levels are, and whether your position can withstand further volatility.
Knowing how to read indicators isn’t difficult. The hard part is sticking to your rules when the market is at its most emotional.
Just my personal opinion—please consider it rationally.