Price: 0.0011924 | EMA7: 0 | EMA25: 0 | RSI14: 42.34 | Resistance: 0.0013617 | Support: 0.0011618 | Average Volume: 293803803.38 | Volume Trend: Decreasing
Based on the provided technical analysis, here's the information broken down for the coin 1MBABYDOGEUSDT:
- Price: 0.0011924
- 4h EMA7: 0.0012021993812369
- 4h EMA25: 0.0012110682066611
- 4h RSI14: 42.344222715751
- 4h MACD: -8.1219375219516E-6
- Resistance: 0.0013617
- Support: 0.0011618
- Average Volume: 293,803,803.38
- Volume Trend: Decreasing
Advice:
1. For Long Entry: Confirming signals can be analyzed before placing a long position. When the RSI is climbing, MACD histogram is rising, and the stock is trading above the EMA25 for increased optimism. Set an initial stop loss below the Support level (0.0011618). You may consider the price 0.00118 as a long entry point since it is close to the Support level.
2. For Short Entry: When the RSI is dropping, MACD histogram is descending, PCE (Percentage Change Energy) is declining, and the stock is trading below the EMA25. The price could be watched just slightly above the Support level (0.0011618). A possible short entry point could be at around 0.00114 or slightly below the Support level (after confirming the mentioned confirming signals). Keep a stop loss slightly above the Resistance level (0.0013617).
3. For the best spot buy price, wait for a breakout above the EMA25 resistance (0.0013617) with increasing trading volume and RSI reading along with MACD (histogram) suggesting bullish momentum. This would be an ideal moment to buy DOGE.
Take your decision keeping in mind that volatility exists in the market so factor in acceptable risks and set your stop loss accordingly.