How to choose a Crypto Coin for buy‬| RSI Indicator | Trading View | Channel 99

RSI
This abbreviation stands for Relative Strength Index. It also helps to understand if an encryption currency is oversold or overbought and therefore predicts reversals.
It is calculated using this formula:
RSI = 100-100 / (1 + RS),
Where RS is the [average gain of ascending periods during the specified timeframe] divided by [average loss of inactivity times during the specified timeframe].
When to buy: The line is under 30, the market is oversold, the price will rise soon.
When to sell: The line is over 70, the market is overbought, the price will soon decline.

Suggestion:
In my opinion, to be successful in day trading, you need more capital and more experience on average because crypto currencies are more volatile and some of them do not have enough liquidity. I also believe a lot more trading "intuition" is needed.

If you come here with no trading experience, then you will lose money. I am sure of it.
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