Day 4 - Don't Trade Without RSI! The Secret Indicator đ
New traders make one big mistake: they buy when price is already too high!
That's why I always check *RSI (Relative Strength Index)*
It's very simple:
*RSI > 70 = Overbought* â Price may go down soon (Don't Buy)
*RSI < 30 = Oversold* â Price may go up soon (Good time to Buy)
Example: $BTC was at RSI 78 yesterday, then it dumped. If you checked RSI, you could have saved your money.
Do you use RSI before trading? Let me know in comments!
#crypto #tradingtips #RSI $BTC $ETH
New traders make one big mistake: they buy when price is already too high!
That's why I always check *RSI (Relative Strength Index)*
It's very simple:
*RSI > 70 = Overbought* â Price may go down soon (Don't Buy)
*RSI < 30 = Oversold* â Price may go up soon (Good time to Buy)
Example: $BTC was at RSI 78 yesterday, then it dumped. If you checked RSI, you could have saved your money.
Do you use RSI before trading? Let me know in comments!
#crypto #tradingtips #RSI $BTC $ETH