RSI Indicator (Relative Strength Index with Japanese Candles can be a powerful tool for identifying entry and exit points in trades. Here’s how to use it with Japanese candles.
First: What is RSI?
It is a momentum indicator that measures the speed and magnitude of price movements of RSI.
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It ranges from 0 to 100.
Common levels:
Above 70 indicates that the asset is in the Overbought region.
Below 30 indicates that the asset is in the Oversold region.