$HAEDAL Daily RSI is 81.7, in overbought territory.
Hey everyone, what is RSI? Here’s a quick explanation👇
The RSI for the same coin can vary greatly across different timeframes: when it’s overbought on a shorter timeframe, the daily chart may still be in neutral territory.
During a one-way rally, RSI can stay above 70 for quite a while; during a one-way decline, it can stay below 30 for just as long. Overbought or oversold readings don’t necessarily mean an immediate reversal.
Extreme readings often come with more volatile price swings. That’s when you should consider reducing your position, not adding to it.
#HAEDAL
Crypto assets can move fast, so don’t use too much leverage.
Hey everyone, what is RSI? Here’s a quick explanation👇
The RSI for the same coin can vary greatly across different timeframes: when it’s overbought on a shorter timeframe, the daily chart may still be in neutral territory.
During a one-way rally, RSI can stay above 70 for quite a while; during a one-way decline, it can stay below 30 for just as long. Overbought or oversold readings don’t necessarily mean an immediate reversal.
Extreme readings often come with more volatile price swings. That’s when you should consider reducing your position, not adding to it.
#HAEDAL
Crypto assets can move fast, so don’t use too much leverage.