@onl23
The RSI is a momentum oscillator that ranges from 0 to 100, helping traders identify overbought or oversold conditions. When the RSI exceeds 70, it indicates that the asset might be overbought, suggesting a potential price correction. Conversely, when the RSI falls below 30, it signals oversold conditions, implying that the price could rebound. In the highly volatile cryptocurrency market, RSI is valuable for spotting trend reversals, as it highlights when prices may be stretched too far in one direction, helping traders time their entries and exits more effectively.
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