đ $SOL Daily RSI is 24.9, in oversold territory.
RSI itself doesnât move prices, but many people watch it, so its reading can influence some tradersâ decisions.
The RSI for the same coin can vary widely across timeframes: when itâs high on the 4-hour chart, it may still be in the middle range on a longer timeframe.
Many people pay more attention to RSI leaving overbought or oversold territoryâfor example, dropping back below 70 after being above itârather than trading against the trend as soon as it enters the zone.
Sizing your position based on where you place your stop-loss is far more reliable than picking a size arbitrarily.
RSI itself doesnât move prices, but many people watch it, so its reading can influence some tradersâ decisions.
The RSI for the same coin can vary widely across timeframes: when itâs high on the 4-hour chart, it may still be in the middle range on a longer timeframe.
Many people pay more attention to RSI leaving overbought or oversold territoryâfor example, dropping back below 70 after being above itârather than trading against the trend as soon as it enters the zone.
Sizing your position based on where you place your stop-loss is far more reliable than picking a size arbitrarily.
