Price: 10.34 | EMA7: 10.37 | EMA25: 10.04 | RSI14: 66.28 | Resistance: 10.74 | Support: 7.94 | Average Volume: 2541.76 | Volume Trend: Decreasing
Based on the technical analysis, I recommend the following:
- Long/Short Entry: Consider a long entry at $10.40 (near EMA7) or wait for a potential breakout above $10.74 for a better entry. For a short position, consider entering at $10.20 (around the mid-point of the current range) or wait for a breakdown below $9.50.
- Spot Buy: If you're looking to buy, wait for a potential bounce around $10.20. This level seems to have some historical support, and a bounce from here could provide a decent entry point.
Please note that this analysis is based on hourly charts and may require additional confirmation from higher timeframes before making a trade. Additionally, it's always important to consider fundamental analysis and overall market trends before making any investment decisions.