$TRUTH ｜Daily RSI(14) 78.6｜Overbought
Before discussing capital, first understand RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s exactly two weeks.
RSI is usually more useful in range-bound markets, while in one-way markets it often gives reversal signals too early.
With leveraged positions, first calculate whether you can handle the worst-case outcome, then look at what the signal is saying.
#TRUTH
Before discussing capital, first understand RSI.
The 14 in RSI refers to 14 candlesticks: on a 4-hour chart, that’s a little over two days (56 hours); on a daily chart, it’s exactly two weeks.
RSI is usually more useful in range-bound markets, while in one-way markets it often gives reversal signals too early.
With leveraged positions, first calculate whether you can handle the worst-case outcome, then look at what the signal is saying.
#TRUTH