ETH $ETH
RSI Indicator Analysis:
• The RSI indicator shows a level of 61.56.
• Level 60-70: Considered close to the overbought zone, indicating that the upward trend may lose strength soon.
• If the RSI continues to rise and reaches 70 or above, it may signal overbought conditions and the likelihood of a correction or decline.
• If the RSI reverses from this level and starts to decline, it may indicate that buyers are losing control.
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When to exit?
• If the RSI exceeds 70, it can be considered an exit signal to lock in profits.
• If the RSI starts to decline sharply from the 61-70 range, one might consider exiting to avoid a correction.
• It is advisable to use other indicators to confirm market movement, such as MACD or trading volume#CryptoCPIWatch #NewsTrade #TradeWarEases #TradeStories $BTC $TRUMP
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13.45