$S Daily RSI(14) is 76.9, entering overbought territory, with the current price at 0.07175.
Overbought conditions mean prices have risen sharply in the short term, not that a top is imminent: in a strong market, RSI can remain above 70 for a long time. A bearish divergence is more worth watching—when the price makes a new high but RSI does not.
Once the signal appears, planning your exit is more important than guessing the direction.
#S
Overbought conditions mean prices have risen sharply in the short term, not that a top is imminent: in a strong market, RSI can remain above 70 for a long time. A bearish divergence is more worth watching—when the price makes a new high but RSI does not.
Once the signal appears, planning your exit is more important than guessing the direction.
#S