A note for those watching the order book:
$XMR daily RSI is 75.2, which is overbought.
The indicator reaching this level suggests buying pressure has driven prices up sharply recently. At this point, it’s more useful to watch whether large investors are taking profits in batches amid the excitement than to focus on the indicator alone.
What would you do?
I could be wrong too—don’t take this as advice.
$XMR daily RSI is 75.2, which is overbought.
The indicator reaching this level suggests buying pressure has driven prices up sharply recently. At this point, it’s more useful to watch whether large investors are taking profits in batches amid the excitement than to focus on the indicator alone.
What would you do?
I could be wrong too—don’t take this as advice.