@04delft
RSI is a momentum oscillator that ranges from 0 to 100, helping traders identify overbought or oversold conditions. When RSI crosses above 70, it suggests the asset may be overbought, signaling a potential price correction. Conversely, when RSI falls below 30, it indicates the asset could be oversold, potentially leading to a price rebound. In the highly volatile crypto market, RSI helps traders spot overextension in either direction, providing key entry or exit signals to capitalize on potential price reversals.
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