📎 Data: $LUMIA ｜4-hour RSI(14) 78.1｜Overbought
· Meaning: The RSI for the same coin can vary considerably across timeframes: when it is high on a shorter timeframe, it may still be in the middle range on a longer one.
· How to read it: “Divergence” is a commonly mentioned use of RSI. When the price reaches a new high but RSI does not, this is often seen as a sign that upward momentum is weakening. However, divergence can persist through multiple instances.
Understanding an indicator helps you avoid being misled by numbers; it is not a way to predict price movements accurately.
#LUMIA
Data is for reference only. Make your own trading decisions.
· Meaning: The RSI for the same coin can vary considerably across timeframes: when it is high on a shorter timeframe, it may still be in the middle range on a longer one.
· How to read it: “Divergence” is a commonly mentioned use of RSI. When the price reaches a new high but RSI does not, this is often seen as a sign that upward momentum is weakening. However, divergence can persist through multiple instances.
Understanding an indicator helps you avoid being misled by numbers; it is not a way to predict price movements accurately.
#LUMIA
Data is for reference only. Make your own trading decisions.