$IDOL 4-hour RSI (14) is at 76.0, entering overbought territory, with the current price at 0.01708.
Overbought conditions mean prices have risen sharply in the short term; they don't mean a top is imminent. In a strong market, RSI can remain 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 the signal appears, setting a stop-loss is more important than guessing the direction.
#IDOL
Overbought conditions mean prices have risen sharply in the short term; they don't mean a top is imminent. In a strong market, RSI can remain 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 the signal appears, setting a stop-loss is more important than guessing the direction.
#IDOL