$ERA Daily RSI is 76.5, in overbought territory, with the current price at 0.0917.
Let’s use this number to talk about RSI.
In traditional usage, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold. Some traders use 80 / 20 as more extreme thresholds.
I tend to treat RSI as a signal that conditions may be overheated or oversold, and look at it alongside key price levels and trading volume. I wouldn’t place a trade based on RSI alone.
Don’t chase trades during the most volatile minutes; wait for the price action to play out before taking another look.
#ERA
This is not a recommendation. You make your own trading decisions.
Let’s use this number to talk about RSI.
In traditional usage, an RSI above 70 is considered overbought, while a drop below 30 is considered oversold. Some traders use 80 / 20 as more extreme thresholds.
I tend to treat RSI as a signal that conditions may be overheated or oversold, and look at it alongside key price levels and trading volume. I wouldn’t place a trade based on RSI alone.
Don’t chase trades during the most volatile minutes; wait for the price action to play out before taking another look.
#ERA
This is not a recommendation. You make your own trading decisions.