🐋 $PIEVERSE daily RSI 76.1, entering overbought territory, current price 1.863.
RSI itself doesn’t determine prices, but plenty of people watch it, and its reading can influence some people’s trades.
Simply put, RSI measures the share of total gains and losses accounted for by upward moves over a given period: the stronger the upward moves, the closer RSI gets to 100.
Different coins have different typical RSI ranges. Smaller, more volatile coins are also more likely to surge to very high or low readings, so be cautious about applying the same standards across the board.
Working out your position size based on where you’ll place your stop-loss is much steadier than just guessing.
RSI itself doesn’t determine prices, but plenty of people watch it, and its reading can influence some people’s trades.
Simply put, RSI measures the share of total gains and losses accounted for by upward moves over a given period: the stronger the upward moves, the closer RSI gets to 100.
Different coins have different typical RSI ranges. Smaller, more volatile coins are also more likely to surge to very high or low readings, so be cautious about applying the same standards across the board.
Working out your position size based on where you’ll place your stop-loss is much steadier than just guessing.