How does RSI indicator help in cryptocurrency trading?

1 answers

• Nov 27, 2021 · 3 years ago
  At BYDFi, we believe that the RSI indicator is an essential tool for cryptocurrency traders. It helps us identify potential trend reversals and find entry and exit points for our trades. When the RSI is in the overbought or oversold zone, it often indicates that a price reversal is imminent. This information allows us to make more accurate predictions and take advantage of market opportunities. However, it's important to remember that the RSI is not a foolproof indicator and should be used in conjunction with other analysis techniques. Happy trading!
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