$ON 4-hour RSI is 75.7, entering overbought territory, with the current price at 0.2274.
Let's use this figure to unpack RSI.
When Wilder first designed RSI, he used it for commodity markets. Today, virtually all market charting tools include this indicator.
Different coins have quite different typical RSI ranges. More volatile coins are more likely to hit very high or very low readings, so be careful about applying the same thresholds across the board.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signal is telling you.
Let's use this figure to unpack RSI.
When Wilder first designed RSI, he used it for commodity markets. Today, virtually all market charting tools include this indicator.
Different coins have quite different typical RSI ranges. More volatile coins are more likely to hit very high or very low readings, so be careful about applying the same thresholds across the board.
With leveraged positions, first consider whether you can withstand the worst-case outcome, then think about what the signal is telling you.
