๐ What Is RSI and How Do Traders Use It?
Master this one tool and your trades might never be the same.
๐ RSI = Relative Strength Index
It tells you if a coin is overbought or oversold โ helping you time entries and exits.
RSI > 70 = Market is overheated โ Possible pullback ๐ป
RSI < 30 = Market is oversold โ Potential bounce ๐ผ
๐ Pro Tip: Look for bullish divergence โ when price makes a lower low but RSI makes a higher low. That often signals a reversal.
๐ก Example: In May, $LOKA dropped to $0.052, but RSI showed a bounce coming. It worked โ LOKA pumped 15% after.
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๐ฌ Do you use RSI in your trading? Want me to explain MACD or Fibonacci next?
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