๐ What is RSI in Crypto Trading? ๐ค
RSI = Relative Strength Index
It tells you if a coin is Overbought ๐ฎ or Oversold ๐ฉ
๐ RSI Levels:
๐ฅ Above 70 = Overbought (Price may drop) โ
๐ง Below 30 = Oversold (Price may rise) โ
โ๏ธ Around 50 = Neutral (No strong trend)
๐ก How I Use RSI:
โ I avoid buying when RSI is above 70
๐ I look to buy when RSI is near 30
๐ I combine RSI with EMA & Support levels for better trades
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๐ฌ Do you use RSI in your trades?
๐ Comment your favorite setting!