🐋 The $BTW 4-hour RSI is 75.1, entering overbought territory.
RSI itself doesn’t drive prices, but plenty of people watch it, and its reading can influence some traders’ decisions.
RSI readings for the same coin can vary quite a bit across timeframes: when it’s overbought on the 4-hour chart, it may still be in the middle range on the daily chart.
Before trading with leverage, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.
RSI itself doesn’t drive prices, but plenty of people watch it, and its reading can influence some traders’ decisions.
RSI readings for the same coin can vary quite a bit across timeframes: when it’s overbought on the 4-hour chart, it may still be in the middle range on the daily chart.
Before trading with leverage, first work out whether you can withstand the worst-case scenario, then consider what the indicators are saying.