$KAVA Daily RSI is 9.8, entering oversold territory, with the current price at 0.03809.
Let's use this number to talk about RSI.
RSI is calculated using closing prices only. It doesn't include trading volume, nor does it reflect intraperiod wick spikes on candlesticks.
Many people pay more attention to when RSI moves back out of overbought or oversold territory—for example, when it falls from above 70 to below 70—rather than going against the trend as soon as it enters that range.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicator is telling you.
Let's use this number to talk about RSI.
RSI is calculated using closing prices only. It doesn't include trading volume, nor does it reflect intraperiod wick spikes on candlesticks.
Many people pay more attention to when RSI moves back out of overbought or oversold territory—for example, when it falls from above 70 to below 70—rather than going against the trend as soon as it enters that range.
With leveraged trading, first work out whether you can withstand the worst-case outcome, then consider what the indicator is telling you.
