⏰ RSI surged to 87 in $S 4 hours 🔥
Take a breath and understand RSI before jumping to conclusions 👇
Wilder originally developed RSI for commodity markets, but now almost every charting tool comes with this indicator.
RSI tends to work well in range-bound markets, but in trending markets it often signals reversals too early.
Sizing your position based on your stop-loss distance is much more reliable than relying on gut feel.
Take a breath and understand RSI before jumping to conclusions 👇
Wilder originally developed RSI for commodity markets, but now almost every charting tool comes with this indicator.
RSI tends to work well in range-bound markets, but in trending markets it often signals reversals too early.
Sizing your position based on your stop-loss distance is much more reliable than relying on gut feel.