It is a popular technical analysis tool used to determine market momentum and overbought or oversold conditions. The indicator ranges from 0 to 100, with a level above 70 indicating potential overbought📊, while a level below 30 indicates potential oversold✅️.
RSI 💥 is characterized by its ability to help traders identify potential price reversal points or confirm current trends. It is considered one of the essential tools for traders who rely on technical analysis to make their decisions.
Tip: Combining 🎯RSI with other analysis tools can enhance forecast accuracy and reduce false signals.❌️
