Price: 0.07715 | EMA7: 0.08 | EMA25: 0.08 | RSI14: 50 | Resistance: 0.0811 | Support: 0.07657 | Average Volume: 59670.73 | Volume Trend: Decreasing
Based on the 15-minute chart analysis, here is the analysis regarding the best entry points for a Long/Short investment in ARDRUSDT:
1. Long Entry:
- Enter when the candlestick closes above EMA25, targeting the EMA7 as the profit target.
- Best Long entry would be when the price crosses the EMA25 (currently around 0.07715)
2. Short Entry:
- Enter when the candlestick closes below EMA7, aiming for the EMA25 as the stop loss level.
- Best Short entry would be when the price breaks below EMA7 (currently around 0.0770212558011)
However, I must mention that due to the current decreasing volume trend, the volume is not strong enough to confirm a robust entry point. As mentioned earlier, due to the decreasing volume, the analysis is suggesting to wait for better entry points. Monitor the following factors:
1. Volume: Averaging up or showing a sign of increase will aid a strong entry.
2. Price Resistance and Support levels: Wait for a break above the resistance (0.0811) or confirmation of price breakdown below support (0.07657) to ensure a valid entry point.
Additionally, regarding the best spot buy price, keep in mind that the current prices around 0.07657 are considered support, so waiting for a bounce before entering would be wise.
Lastly, it is important to acknowledge that the Ardor (ARDR) project is still new and trading on various exchanges, including Okex, to keep track of the price and seek advice from experienced traders when deciding entry points.