@box5
The RSI is a momentum oscillator that ranges from 0 to 100, used to identify overbought or oversold conditions. An RSI above 70 suggests that an asset is overbought, potentially signaling a price pullback, while an RSI below 30 indicates oversold conditions, often pointing to a potential price rebound. In the volatile crypto market, these levels help traders identify potential entry and exit points. However, the RSI should be used in conjunction with other indicators to avoid false signals and improve trade accuracy.
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