NEWBIES GUIDE 👇
Can you explain how RSI indicator works?
The RSI indicator, also known as the Relative Strength Index, is a popular tool in crypto trading.
It measures the speed and change of price movements to provide insights into whether an asset is overbought or oversold.
The RSI typically ranges from 0 to 100.
When the RSI is above 70, it suggests the asset is overbought, indicating a potential price decrease.
On the other hand, when the RSI is below 30, it suggests the asset is oversold, signaling a potential price increase.
Traders often use the RSI to identify entry and exit points in the market.
It's a handy tool to have in your trading arsenal! 📊💡
