$QNT 4-hour RSI is at 24.6, entering oversold territory.
Let's talk about what this number means.
RSI is calculated using closing prices only. It doesn't take volume into account or reflect intraday spikes.
Extreme readings on the daily chart usually carry more weight than those on shorter time frames. Signals occur more often on the 4-hour chart, but so do false signals.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feel.
#QNT
Let's talk about what this number means.
RSI is calculated using closing prices only. It doesn't take volume into account or reflect intraday spikes.
Extreme readings on the daily chart usually carry more weight than those on shorter time frames. Signals occur more often on the 4-hour chart, but so do false signals.
Sizing your position based on where you place your stop-loss is much more reliable than trading on gut feel.
#QNT