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๐Ÿ“Š Analysis: ANKRUSDT (4h)

Price: 0.0137 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 42.44 | Resistance: 0.01597 | Support: 0.01243 | Average Volume: 11692416.26 | Volume Trend: Decreasing

๐Ÿค– AI Insight

Based on the given technical analysis, here's the information:

Price: 0.0137
EMA7: 0.013775091883562
EMA25: 0.013895385249283
RSI14: 42.440381429592
MACD: -6.173176899963E-5
Resistance: 0.01597
Support: 0.01243
Average Volume: 11692416.258
Volume Trend: Decreasing

Let's discuss the entry points:

1. Long (Buy) Entry Price: Waiting for a confirmed breakout above the resistance level (0.01597) to enter the trade long, aiming for further price growth. Place a stop-loss below the support level (0.01243). Once you see a breakout, check the higher time frames (Daily, Weekly) for further confirmation. Set your target to capture at least a 2% gain from the entry price.

2. Short (Sell) Entry Price: Look for a confirmed breakdown below the support level (0.01243) to enter the trade short, expecting a price drop. Place a stop-loss above the resistance level (0.01597). Ensure to review higher time frames (Daily, Weekly) for support ูˆูƒุณure. Set your target to capture at least a 3% gain from the entry price.

3. Long/Short Entry Price - Blend approach: Consider taking a long position when the price closes above the resistance level (0.01597), and a short position when the price closes below the support level (0.01243). Apply the mentioned stop-loss and target levels.

Remember to regularly monitor the charts, including the MACD and RSI, to confirm the trend status before taking any trades, as these indicators can indicate overbought and oversold conditions in the market. Keep in mind that waiting for additional confirmation always reduces risk, especially when markets are volatile or during major news events.