$DOGE Daily RSI is 24.8, entering oversold territory, with the current price at 0.06335.
A newbie's burning question: How do you read RSI?
The RSI for the same coin can vary quite a bit across different timeframes: when it's overbought on a shorter timeframe, it may still be in the middle of its range on a longer one.
With RSI at 24.8, my confidence has also taken a dip.
Extreme readings often signal greater volatility. At times like this, it's better to reduce leverage rather than increase your position.
A newbie's burning question: How do you read RSI?
The RSI for the same coin can vary quite a bit across different timeframes: when it's overbought on a shorter timeframe, it may still be in the middle of its range on a longer one.
With RSI at 24.8, my confidence has also taken a dip.
Extreme readings often signal greater volatility. At times like this, it's better to reduce leverage rather than increase your position.
