A note: $HOT daily RSI is 76.6, entering overbought territory, with the current price at 0.000552.
People often ask how to read RSI, so here's my take.
RSI 50 is often treated as the dividing line between strength and weakness: staying above 50 over the long term means upward momentum is prevailing, and below it means the opposite.
RSI is calculated from historical prices and describes the rhythm of price movements that have already happened; it can't tell you what will happen next.
With leveraged trading, first consider whether you can handle the worst-case scenario, then think about what the signals are saying.
#HOT
Just sharing some thoughts—don't take this as advice.
People often ask how to read RSI, so here's my take.
RSI 50 is often treated as the dividing line between strength and weakness: staying above 50 over the long term means upward momentum is prevailing, and below it means the opposite.
RSI is calculated from historical prices and describes the rhythm of price movements that have already happened; it can't tell you what will happen next.
With leveraged trading, first consider whether you can handle the worst-case scenario, then think about what the signals are saying.
#HOT
Just sharing some thoughts—don't take this as advice.
