@pops4
The RSI is a momentum oscillator that helps traders gauge whether an asset is overbought or oversold. A reading above 70 suggests the asset might be overbought and due for a price correction, while a reading below 30 indicates oversold conditions, suggesting a potential rebound. In volatile crypto markets, the RSI can help traders spot overextension in either direction, offering key entry or exit signals. However, it’s most effective when used alongside other indicators to confirm price trends and reduce false signals.
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