🧭 $AIOT 4-hour RSI is 76.6, in overbought territory, with the current price at 0.1583.
【A One-Minute Explainer】What is RSI?
Simply put, RSI measures how much of the total price movement over a given period comes from upward moves: the more upward moves dominate, the closer RSI gets to 100.
During a one-way rally, RSI can stay above 70 for quite a while. During a sustained decline, it can likewise remain below 30 for a long time. Overbought or oversold conditions don’t necessarily mean a reversal is imminent.
Learning to read indicators isn’t hard; the real challenge is sticking to your plan when the market gets especially volatile.
#AIOT
【A One-Minute Explainer】What is RSI?
Simply put, RSI measures how much of the total price movement over a given period comes from upward moves: the more upward moves dominate, the closer RSI gets to 100.
During a one-way rally, RSI can stay above 70 for quite a while. During a sustained decline, it can likewise remain below 30 for a long time. Overbought or oversold conditions don’t necessarily mean a reversal is imminent.
Learning to read indicators isn’t hard; the real challenge is sticking to your plan when the market gets especially volatile.
#AIOT
