✅ What is the Relative Strength Index (RSI) and how do you use it in analysis on Binance? 🟡

The Relative Strength Index (RSI) is a technical analysis tool used to determine whether a cryptocurrency is in an overbought or oversold condition.

RSI is displayed as a number between 0 and 100, helping traders make smart entry or exit decisions.

📊 How do you interpret RSI numbers?

Above 70: The cryptocurrency is in an overbought condition – a correction may be coming (selling opportunity)

Below 30: The cryptocurrency is in an oversold condition – the price may bounce back (buying opportunity)

Between 30 and 70: Neutral zone – does not indicate overbought or oversold

📲 How to use RSI on Binance (app or website):

1. 🔐 Log into your Binance account.

2. 📈 Go to the "Trade" section and open the chart for the cryptocurrency you are following (for example, USDT$/82972253640).

3. ⚙️ Click on "Indicators," then choose RSI.

4. 🟪 A window will appear at the bottom of the chart showing the RSI line.

🧠 Practical example:

Suppose the RSI for cryptocurrency 41963064037 has reached 78

→ This indicates that the cryptocurrency may be in an overbought condition.

If it drops to 25

→ This means that the cryptocurrency is in an oversold condition.

⚠️ Important tips:

Do not rely on RSI alone – use it with other analysis tools.

The RSI indicator is especially useful in sideways (non-trending) markets.

It is preferable to adjust the time frame according to your strategy (e.g., 1h, 4h, daily).