Looking to make smarter trading moves? Master the RSI!
⚡️ The RSI is a momentum oscillator that measures the strength of price movements. This handy tool measures the strength behind price movements, giving you a clear view of when an asset might be overbought (over 7 or oversold (under 3.
❗️ But here’s a pro tip—don’t just stick to the defaults! Many traders adjust their RSI settings for greater precision. Try using a 78 level for overbought and 25 for oversold to catch signals more accurately.
Here’s what the RSI can reveal for you:
📈 Overbought? Price may be due for a correction. 📉 Oversold? Price could bounce back soon.
🔥 RSI can also signal a divergence. For example, if the price of a security is making higher highs, but the RSI is making lower highs, it could indicate that the momentum behind the price movement is weakening. A reversal may be in the works.
Following these insights puts you on a smarter, more confident trading path 💪
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Sidi boureima Guire
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