RSI 14 Strategy for Binance Crypto Trading 📊
What is RSI?
The Relative Strength Index (RSI) is a tool that shows if a crypto asset is overbought or oversold.
Settings for Best Results:
• Period: 14 (RSI 14)
• Upper Level: 80 (Overbought zone)
• Lower Level: 20 (Oversold zone)
When to Go Long (Buy) 🟢
• If RSI drops below 20, the asset is oversold.
• This could be a signal to buy, expecting a price rebound.
When to Go Short (Sell) 🔴
• If RSI rises above 80, the asset is overbought.
• This could be a signal to sell, expecting a price drop.
Tips:
• Combine RSI with other tools for better accuracy.
• Avoid trading during high market volatility.
Keep it simple and disciplined for consistent results!