🐋 $RSR Daily RSI is 76, in overbought territory. Current price: 0.002364.
RSI itself doesn’t drive prices, but many people watch it, so its reading can influence quite a few people’s decisions.
RSI 14 refers to 14 candlesticks: on a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s two weeks.
Overbought and oversold readings on longer timeframes generally carry more weight than those on shorter timeframes. Readings on the 4-hour chart occur frequently, and so do false signals.
Leave plenty of room when using leverage. Don’t let one sudden price swing force you out of your position.
#RSR
Be aware of the risks and make your own decisions.
RSI itself doesn’t drive prices, but many people watch it, so its reading can influence quite a few people’s decisions.
RSI 14 refers to 14 candlesticks: on a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s two weeks.
Overbought and oversold readings on longer timeframes generally carry more weight than those on shorter timeframes. Readings on the 4-hour chart occur frequently, and so do false signals.
Leave plenty of room when using leverage. Don’t let one sudden price swing force you out of your position.
#RSR
Be aware of the risks and make your own decisions.