@warning2
The RSI is a momentum oscillator that ranges from 0 to 100, helping traders spot overbought or oversold conditions. When the RSI exceeds 70, it signals that an asset may be overbought and due for a price correction. Conversely, when the RSI falls below 30, it indicates that an asset might be oversold, often setting the stage for a potential price rebound. In the highly volatile cryptocurrency market, the RSI is especially useful for identifying overextensions, helping traders time their entry or exit points more effectively.
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