$BNB 4-hour RSI is at 24.4, in oversold territory.
Guys, what exactly does RSI measure? Here’s the quick version👇
RSI 14 means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it’s exactly two weeks.
Extreme readings on higher timeframes generally carry more weight than those on the 4-hour timeframe. Signals appear more often on shorter timeframes, but so do false signals.
Calculate your position size based on where you place your stop-loss. It’s much more reliable than sizing by gut feel.
#BNB
Guys, what exactly does RSI measure? Here’s the quick version👇
RSI 14 means 14 candlesticks: on a 4-hour chart, that covers just over two days (56 hours); on a daily chart, it’s exactly two weeks.
Extreme readings on higher timeframes generally carry more weight than those on the 4-hour timeframe. Signals appear more often on shorter timeframes, but so do false signals.
Calculate your position size based on where you place your stop-loss. It’s much more reliable than sizing by gut feel.
#BNB