$BAT Daily RSI is 82.2, entering overbought territory.
Let’s use this data to break down RSI.
Simply put, RSI measures how much of the total price movement over a recent period came from upward moves: the more upward moves dominate, the closer RSI gets to 100.
“Divergence” is a commonly discussed way to read RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for several occurrences.
Keep sufficient margin for your futures positions so a single long wick doesn’t liquidate them.
#BAT
Do your research before placing an order.
Let’s use this data to break down RSI.
Simply put, RSI measures how much of the total price movement over a recent period came from upward moves: the more upward moves dominate, the closer RSI gets to 100.
“Divergence” is a commonly discussed way to read RSI: when the price makes a new high but RSI doesn’t, it’s often seen as a sign that upward momentum is weakening. However, divergence can persist for several occurrences.
Keep sufficient margin for your futures positions so a single long wick doesn’t liquidate them.
#BAT
Do your research before placing an order.