Quick Tip – What is #RSI How to Know If a Coin Is Overbought?
If you're into #trading , the RSI (Relative Strength Index) is a powerful tool you should know about.
What is #RSI ?
RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100.
What Does Overbought or Oversold Mean?
When #RSI is above 70, the asset is considered overbought — meaning it might be overvalued and due for a correction.
When RSI is below 30, it’s oversold — suggesting it could be undervalued and may bounce back.
How to Use RSI in Trading?
RSI > 70? Be cautious — it might be time to take profits.
RSI < 30? Watch closely — it could be a potential entry point.
Combine RSI with other indicators for stronger confirmation.
Pro Tip: Never rely on RSI alone. Use it as part of a broader technical and fundamental analysis strategy.
Mastering RSI = Smarter Entries & Exits.