RSI: A Tool for Measuring Momentum
The Relative Strength Index measures the speed and magnitude of recent price changes on a scale from 0 to 100.
Common reference levels are 70 for overbought and 30 for oversold.
However, these are not automatic reversal signals. During a strong trend, RSI can remain above or below these levels for an extended period.
For smaller tokens, RSI should be interpreted alongside volume, liquidity and price structure rather than used independently.
#RSI #TechnicalAnalysis #CryptoEducation
The Relative Strength Index measures the speed and magnitude of recent price changes on a scale from 0 to 100.
Common reference levels are 70 for overbought and 30 for oversold.
However, these are not automatic reversal signals. During a strong trend, RSI can remain above or below these levels for an extended period.
For smaller tokens, RSI should be interpreted alongside volume, liquidity and price structure rather than used independently.
#RSI #TechnicalAnalysis #CryptoEducation