๐ Understanding the RSI Indicator
The Relative Strength Index (RSI) is a momentum indicator used in technical analysis.
It ranges from 0 to 100.
๐น RSI above 70 is traditionally considered overbought.
๐น RSI below 30 is traditionally considered oversold.
๐น RSI can remain elevated or depressed during strong trends.
Important: Overbought doesnโt automatically mean sell, and oversold doesnโt automatically mean buy.
Always consider market structure and other indicators.
#RSI #TechnicalAnalysis #Bitcoin #CryptoTrading
The Relative Strength Index (RSI) is a momentum indicator used in technical analysis.
It ranges from 0 to 100.
๐น RSI above 70 is traditionally considered overbought.
๐น RSI below 30 is traditionally considered oversold.
๐น RSI can remain elevated or depressed during strong trends.
Important: Overbought doesnโt automatically mean sell, and oversold doesnโt automatically mean buy.
Always consider market structure and other indicators.
#RSI #TechnicalAnalysis #Bitcoin #CryptoTrading