🗂️ Data snapshot: $INIT ｜Daily RSI(14) 87.2｜Overbought
· Explanation: Put simply, RSI measures the share of the total price movement over this period that comes from upward moves: the more upward moves dominate, the closer RSI gets to 100.
· How to read it: Different coins can have quite different typical RSI ranges. Smaller, more volatile coins are more likely to hit very high or very low readings, so be careful about applying the same thresholds across the board.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule.
#INIT
· Explanation: Put simply, RSI measures the share of the total price movement over this period that comes from upward moves: the more upward moves dominate, the closer RSI gets to 100.
· How to read it: Different coins can have quite different typical RSI ranges. Smaller, more volatile coins are more likely to hit very high or very low readings, so be careful about applying the same thresholds across the board.
The same data can mean completely different things in different market conditions, so don't blindly apply a single rule.
#INIT