📎 Latest data: $CAP ｜4-hour RSI(14) 76.6｜Overbought
· What it is: When Wilder first designed the RSI, he used it in futures markets. Today, virtually all charting software includes it.
· How to read it: Oversold only means prices have recently fallen quickly and sharply. They may rebound afterward, or they may consolidate repeatedly at low levels for a long time before recovering.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to finish forming before taking a look.
· What it is: When Wilder first designed the RSI, he used it in futures markets. Today, virtually all charting software includes it.
· How to read it: Oversold only means prices have recently fallen quickly and sharply. They may rebound afterward, or they may consolidate repeatedly at low levels for a long time before recovering.
Don’t chase a trade at the most volatile moment. Wait for the candlestick to finish forming before taking a look.