$RSR 4-hour RSI is 85.3, in overbought territory.
Let’s use this figure to talk about RSI.
Put simply, RSI measures the proportion of the total price movement over a period that comes from upward moves: the more the price gains outweigh its losses, the closer RSI gets to 100.
RSI tends to vary considerably from one coin to another. Smaller, more volatile coins are also more likely to hit very high or very low readings, so be cautious about applying the same benchmarks across the board.
Unusually extreme readings often signal greater volatility. At times like these, it’s wiser to reduce your position rather than add to it.
#RSR
Let’s use this figure to talk about RSI.
Put simply, RSI measures the proportion of the total price movement over a period that comes from upward moves: the more the price gains outweigh its losses, the closer RSI gets to 100.
RSI tends to vary considerably from one coin to another. Smaller, more volatile coins are also more likely to hit very high or very low readings, so be cautious about applying the same benchmarks across the board.
Unusually extreme readings often signal greater volatility. At times like these, it’s wiser to reduce your position rather than add to it.
#RSR