At $BNB 4 hours, RSI is 24.4, in oversold territory, with the current price at 618.06.
A beginner’s honest question: what exactly does RSI measure?
RSI is calculated using closing prices only. It doesn’t take trading volume into account, and it won’t reflect intraday price spikes either.
RSI is 24.4, and my confidence has sunk along with it.
Don’t change your usual approach because of a single indicator, and definitely don’t use borrowed money to test a hunch.
Whether to buy is up to you; I’m just sharing my thoughts.
A beginner’s honest question: what exactly does RSI measure?
RSI is calculated using closing prices only. It doesn’t take trading volume into account, and it won’t reflect intraday price spikes either.
RSI is 24.4, and my confidence has sunk along with it.
Don’t change your usual approach because of a single indicator, and definitely don’t use borrowed money to test a hunch.
Whether to buy is up to you; I’m just sharing my thoughts.