Indicator note | $HAEDAL | Daily RSI(14) 81.7 | Overbought
Definition: RSI readings for the same coin can vary quite a bit across timeframes: when the 4-hour reading is high, the longer timeframes may still be in the middle range.
How to read it: When RSI enters an extreme zone, a more reliable approach is to first ask yourself: Which way is the broader trend heading? Where is the nearest support? Can your position withstand further volatility?
Learning to read indicators is easy; the hard part is sticking to your rules when the market is extremely volatile.
Definition: RSI readings for the same coin can vary quite a bit across timeframes: when the 4-hour reading is high, the longer timeframes may still be in the middle range.
How to read it: When RSI enters an extreme zone, a more reliable approach is to first ask yourself: Which way is the broader trend heading? Where is the nearest support? Can your position withstand further volatility?
Learning to read indicators is easy; the hard part is sticking to your rules when the market is extremely volatile.
