Spotting RSI Divergence A Powerful Trading Signal RSI divergence is a key indicator in technical analysis signaling potential trend reversals When price moves in the opposite direction of the RSI it suggests weakening momentum Bullish divergence occurs when price forms lower lows but RSI forms higher lows hinting at a possible upward shift Bearish divergence is the reverse Traders often use it to identify entry and exit points Combine RSI with volume or trendlines for stronger signals #RSI #Divergence #CryptoTrading #BinanceSquare #TechnicalAnalysis
**U.S. Jobs Report Beats Expectations, Bitcoin Dips Slightly**
The U.S. added **177,000 jobs in April**, surpassing estimates of 130,000, while the unemployment rate held steady at **4.2%**. Bitcoin #BTC saw a modest dip to **$96,700** post-report, while U.S. stock futures extended gains, with the **Nasdaq 100** and **S&P 500** each up **0.7%**.
The strong jobs data may delay **Fed rate cuts**, with markets previously pricing in a **60% chance of a June cut** and over **90% odds by July**. The report reinforces expectations of a **higher-for-longer rates** stance.
**🚀 Top 3 Cryptos to Buy NOW for Massive Gains! 💰**
The crypto market is heating up! Here are the top 3 coins to watch:
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Master RSI Like a Pro: Catch Reversals Before They Happen! Want to spot the perfect time to buy the dip or sell the top? Use the RSI (Relative Strength Index) on your 5-min chart to level up your trading game. What is RSI? It’s a momentum indicator ranging from 0 to 100: RSI > 70 → Overbought → Time to SELL RSI < 30 → Oversold → Time to BUY
But wait! Don’t act just yet… Confirm with Candlestick Patterns: Bullish hammers or engulfing candles = buy signals Bearish shooting stars = sell signals
Set-Up Tips: Use RSI period: 7 or 9 (for faster signals) Chart timeframe: 5-minute
Buy Strategy: 1. Watch RSI dip below 30 2. Wait for RSI to move back above 30 3. Spot a bullish candle → Buy at the candle’s close
Sell Strategy: 1. Watch RSI jump above 70 2. Wait for RSI to fall back below 70 3. Spot a bearish candle → Sell at the candle’s close Visualize it like a sniper: Enter only when the indicator + candlestick combo aligns.
Top RSI Action Coins Today: #BTC #ETH #SOL #INIT #SUI #BNB #AVAX #MATIC #TRX #XRP Tap a hashtag to start trading now!