$BAT ｜Daily RSI(14) 77.2｜Overbought
Before discussing capital flows, let's first understand RSI.
RSI 50 is often considered the dividing line between bullish and bearish momentum: staying above 50 over the long term suggests upward momentum is dominant, while staying below indicates the opposite.
RSI is calculated from past prices and describes price movements that have already happened. It can't tell you what will happen next.
Leave plenty of room in your futures position so a sudden price swing doesn't knock you out of the trade.
Before discussing capital flows, let's first understand RSI.
RSI 50 is often considered the dividing line between bullish and bearish momentum: staying above 50 over the long term suggests upward momentum is dominant, while staying below indicates the opposite.
RSI is calculated from past prices and describes price movements that have already happened. It can't tell you what will happen next.
Leave plenty of room in your futures position so a sudden price swing doesn't knock you out of the trade.