$IR t showed buyers were no longer sitting quietly. They came in strong and started pushing price higher.
📊 RSI(6) NEAR 81.7
RSI(6) is around 81.7.
Yes, this is high.
Many traders will immediately say, “Overbought! Sell!”
But wait…
A high RSI can also show very strong bullish momentum. When buyers are aggressive, RSI can stay high while price keeps climbing.
📊 RSI(6) NEAR 81.7
RSI(6) is around 81.7.
Yes, this is high.
Many traders will immediately say, “Overbought! Sell!”
But wait…
A high RSI can also show very strong bullish momentum. When buyers are aggressive, RSI can stay high while price keeps climbing.