$XMR daily RSI (14) is 75.2, entering overbought territory, with the current price at 651.65.
Overbought conditions mean prices have risen sharply in the short term; they don’t necessarily mean a top is imminent. In a strong trend, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence: the price makes a new high, but RSI does not.
Once a signal appears, planning your stop-loss is more important than guessing the direction.
Overbought conditions mean prices have risen sharply in the short term; they don’t necessarily mean a top is imminent. In a strong trend, RSI can stay above 70 for a long time. What’s more worth watching is bearish divergence: the price makes a new high, but RSI does not.
Once a signal appears, planning your stop-loss is more important than guessing the direction.