A not-so-funny truth: $ICNT 's daily RSI is 76.8, entering overbought territory.
RSI 76.8—and my heart rate is rising too.
A quick, serious explanation: the RSI of the same coin can vary quite a bit across different timeframes. When it's high on the 4-hour chart, it may still be neutral on the daily chart.
Extreme readings usually mean greater volatility. That's when you should reduce leverage, not increase your position.
#ICNT
This is just an opinion and may not be right. Trade at your own risk.
RSI 76.8—and my heart rate is rising too.
A quick, serious explanation: the RSI of the same coin can vary quite a bit across different timeframes. When it's high on the 4-hour chart, it may still be neutral on the daily chart.
Extreme readings usually mean greater volatility. That's when you should reduce leverage, not increase your position.
#ICNT
This is just an opinion and may not be right. Trade at your own risk.