$SIREN 4-hour RSI is 76.2, in the overbought zone.
Let's break this number down.
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is prevailing, while staying below it suggests the opposite.
Different coins can have quite different typical RSI ranges. More volatile coins are more likely to hit extreme readings, so be cautious about applying a one-size-fits-all threshold.
Calculating your position size based on where you place your stop-loss is much more reliable than going by feel.
Let's break this number down.
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates that upward momentum is prevailing, while staying below it suggests the opposite.
Different coins can have quite different typical RSI ranges. More volatile coins are more likely to hit extreme readings, so be cautious about applying a one-size-fits-all threshold.
Calculating your position size based on where you place your stop-loss is much more reliable than going by feel.