The movement of money is reflected, to some extent, in trading activity:
$IRYS daily RSI is 75.8, indicating overbought conditions.
When the indicator reaches this level, it suggests that buying pressure has been intense recently. At this point, watching whether large investors are using the momentum to cash out in stages is more useful than focusing on the indicator alone.
Is it a signal or a trap?
$IRYS daily RSI is 75.8, indicating overbought conditions.
When the indicator reaches this level, it suggests that buying pressure has been intense recently. At this point, watching whether large investors are using the momentum to cash out in stages is more useful than focusing on the indicator alone.
Is it a signal or a trap?