@similar4
The RSI is a momentum indicator that helps identify overbought or oversold conditions in the market. It ranges from 0 to 100, with readings above 70 indicating overbought conditions (potential for a price pullback) and readings below 30 suggesting oversold conditions (potential for a price rebound). In the volatile cryptocurrency market, RSI helps traders spot extreme market conditions. A sudden rise or drop in RSI can signal a potential trend reversal, making it a useful tool for timing entries and exits during periods of overextension.
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