$BTC 4-hour RSI is 24.5, in oversold territory.
A beginner's honest question: What is RSI?
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates bullish momentum is dominant; below 50, the opposite is true.
With RSI at 24.5, my confidence has fallen too.
Indicators can fail, but risk management shouldn't be skipped: deciding in advance what to do if you're wrong matters more than whether your prediction is right.
#BTC
Just a personal perspective; it may not be accurate, so take it with caution.
A beginner's honest question: What is RSI?
RSI 50 is often seen as the dividing line between bulls and bears: staying above 50 over the long term indicates bullish momentum is dominant; below 50, the opposite is true.
With RSI at 24.5, my confidence has fallen too.
Indicators can fail, but risk management shouldn't be skipped: deciding in advance what to do if you're wrong matters more than whether your prediction is right.
#BTC
Just a personal perspective; it may not be accurate, so take it with caution.