$Q Daily RSI (14) is 75.3, entering overbought territory, with the current price at 0.1232.
Overbought conditions mean prices have risen sharply in the short term; they don’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
A single indicator can be misleading, so it’s more reliable to consider volume and market structure together.
#Q
Overbought conditions mean prices have risen sharply in the short term; they don’t mean a top is imminent. In a strong market, RSI can stay above 70 for a long time. A bearish divergence is more worth watching: the price makes a new high, but RSI does not.
A single indicator can be misleading, so it’s more reliable to consider volume and market structure together.
#Q