Market Notes | $ORDER | 4-hour RSI(14) 96.8 | Overbought
Definition: RSI values for the same coin can vary considerably across different timeframes: when it’s overbought on the 4-hour chart, it may still be in neutral territory on a higher timeframe.
Common interpretation: Oversold only means that the price has fallen too quickly and sharply during this period. It may rebound afterward, or it may consolidate repeatedly at low levels for a while before choosing a direction.
Extreme readings often indicate larger price swings. At times like these, it’s better to reduce leverage rather than add to your position.
#ORDER
Definition: RSI values for the same coin can vary considerably across different timeframes: when it’s overbought on the 4-hour chart, it may still be in neutral territory on a higher timeframe.
Common interpretation: Oversold only means that the price has fallen too quickly and sharply during this period. It may rebound afterward, or it may consolidate repeatedly at low levels for a while before choosing a direction.
Extreme readings often indicate larger price swings. At times like these, it’s better to reduce leverage rather than add to your position.
#ORDER