🔥RSI🔥
1. Identify Overbought/Oversold Levels: RSI above 70 indicates overbought conditions; below 30 signals oversold conditions.
2. Confirm Divergence: Compare price movements with RSI to spot potential trend reversals.
3. Wait for Confirmation: Don’t rely solely on RSI; confirm signals with other indicators or price action.
4. Consider Trend Context: RSI works best in trending markets; validate signals within the broader trend.
5. Combine with Support/Resistance: Use RSI alongside key support/resistance levels for stronger trade decisions.