Data snapshot: $BTW | Daily RSI(14) 75 | Overbought
Explanation: RSI 50 is often considered the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is dominant, while staying below suggests the opposite.
How to read it: RSI is usually more useful in a ranging market, but in a one-way trend it can give reversal signals too early.
Calculating position size based on where you place your stop-loss is far more reliable than making trades on a whim.
#BTW
Explanation: RSI 50 is often considered the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is dominant, while staying below suggests the opposite.
How to read it: RSI is usually more useful in a ranging market, but in a one-way trend it can give reversal signals too early.
Calculating position size based on where you place your stop-loss is far more reliable than making trades on a whim.
#BTW