RSI 14 Strategy for Binance Crypto Trading š
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:
ā¢ Period: 14 (RSI 14)
ā¢ Upper Level: 80 (Overbought zone)
ā¢ Lower Level: 20 (Oversold zone)
When to Go Long (Buy) š¢
ā¢ If RSI drops below 20, the asset is oversold.
ā¢ This could be a signal to buy, expecting a price rebound.
When to Go Short (Sell) š“
ā¢ If RSI rises above 80, the asset is overbought.
ā¢ This could be a signal to sell, expecting a price drop.
Tips:
ā¢ Combine RSI with other tools for better accuracy.
ā¢ Avoid trading during high market volatility.
Keep it simple and disciplined for consistent results!