$TRUTH 4-hour RSI is 79.5, entering overbought territory, with the current price at 0.02295.
Let's use this data to talk about RSI.
“Overbought” means that prices have risen too quickly and sharply in the short term. It doesn't mean there are too many buyers, nor does it mean the price is about to fall.
When RSI reaches an extreme level, a more prudent approach is to first consider the broader trend, where recent support lies, and whether your position can withstand a move in the opposite direction.
Unusual readings often come with greater volatility, so this is a time to reduce your position rather than make a big bet.
#TRUTH
Let's use this data to talk about RSI.
“Overbought” means that prices have risen too quickly and sharply in the short term. It doesn't mean there are too many buyers, nor does it mean the price is about to fall.
When RSI reaches an extreme level, a more prudent approach is to first consider the broader trend, where recent support lies, and whether your position can withstand a move in the opposite direction.
Unusual readings often come with greater volatility, so this is a time to reduce your position rather than make a big bet.
#TRUTH