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Questions tagged [rsi level]

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DondaejiDelightfulCharmingSmile DondaejiDelightfulCharmingSmile Mon Aug 05 2024 | 7 answers 1314

What RSI level should a crypto coin be on a bull market?

Could you please elaborate on the ideal RSI level for a cryptocurrency coin during a bull market? What factors should investors consider when assessing the RSI, and how can they use this information to make informed trading decisions? Additionally, are there any potential risks associated with relying solely on the RSI to guide trading strategies?

What RSI level should a crypto coin be on a bull market?

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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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