$BTW Daily RSI is at 75, entering overbought territory, with the current price at 2.1752.
A question every beginner asks: How do you read RSI?
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that’s just over two days (56 hours), while on a daily chart, it’s exactly two weeks.
With RSI at 75, my blood pressure is rising too.
Extreme readings usually come with bigger swings. This is when you should reduce leverage, not increase it.
A question every beginner asks: How do you read RSI?
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that’s just over two days (56 hours), while on a daily chart, it’s exactly two weeks.
With RSI at 75, my blood pressure is rising too.
Extreme readings usually come with bigger swings. This is when you should reduce leverage, not increase it.