Price: 0.02216 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 42.26 | Resistance: 0.0261 | Support: 0.02168 | Average Volume: 4463315.52 | Volume Trend: Decreasing
Long analysis: Considering the presented technical indicators, I recommend entering the Long position when theprice crosses above the EMA25 and confirms with a close above resistance at 0.0261. This will provide a stronger entry signal indicating a potential bullish trend continuation. Ideally, wait for a pullback to support at 0.02168 before initiating the trade to reduce risk.
Short analysis: Since the average volume is decreasing, this suggests lower liquidity, which might lead to wider spreads and higher slippage when trying to enter short positions. Therefore, it might be best to wait for a reliable short setup, such as a pullback to either EMA25 or the support at 0.02168 before entering a Short position.
Best spot buy price: Based on the current price at 0.02216, the best spot buy price would be around the support level of 0.02168 or a pullback to any of the moving averages (EMA7, EMA25).
Take note that technical analysis is not a guarantee of future price movements but can provide valuable insights for better market anticipation.