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Questions tagged [is rsi]

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JejuJoyful JejuJoyful Tue May 21 2024 | 7 answers 1815

Is RSI 100% accurate?

I'm curious about the accuracy of RSI. Can it really predict market movements with 100% certainty? Or are there any limitations and factors that could affect its reliability? I've heard traders swear by it, but I'm also aware that no indicator is perfect. Could you explain how accurate RSI is in practical applications and what factors might influence its accuracy? I'm eager to understand its strengths and weaknesses so I can make informed decisions when analyzing the crypto market.

Is RSI 100% accurate?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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