⚠️ $Q Daily RSI has surged to 75.1 🔥
Don’t get carried away just yet—understand RSI first 👇
The RSI for the same coin can vary considerably across different timeframes: when it’s high on the 4-hour chart, it may still be in the middle range on the daily chart.
During a sustained uptrend, RSI can stay above 70 for a long time; during a prolonged downtrend, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean an immediate reversal.
Extreme readings usually point to greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#Q
Don’t get carried away just yet—understand RSI first 👇
The RSI for the same coin can vary considerably across different timeframes: when it’s high on the 4-hour chart, it may still be in the middle range on the daily chart.
During a sustained uptrend, RSI can stay above 70 for a long time; during a prolonged downtrend, it can also remain below 30 for a long time. Overbought or oversold conditions don’t mean an immediate reversal.
Extreme readings usually point to greater volatility. At times like these, it’s better to reduce your position rather than add to it.
#Q