Price: 2.307 | EMA7: 2.32 | EMA25: 2.34 | RSI14: 41.92 | Resistance: 2.703 | Support: 1.842 | Average Volume: 97288.7 | Volume Trend: Decreasing
Based on the technical analysis provided for ASRUSDT (Algorand) on a 4-hour chart:
1. Long Entry Prices:
a. Enter Long when the price crosses above the EMA25 (currently at 2.342595953212) since it acts as a strong support line.
b. Confirm the entry further by watching the Relative Strength Index (RSI14) improving above the current value (41.92), indicating oversold conditions. Additionally, observe the Momentum Oscillator (MACD) for a potential bullish crossover of the signal line over the main line.
2. Short Entry Prices:
a. Enter Short when the price crosses below the EMA7 (currently at 2.322031322574) as it acts as a strong resistance line.
b. Confirm the entry further by watching MACD crossing below its zero line and the RSI14 decreasing downward.
3. Spot Buy Price:
If you are interested in buying ASRUSDT in the currency spot market, consider having patience until the price stabilizes and forms a support area around the level 2.0 (using the latest historical data). Wait for a retracement towards this level before purchasing.
Please keep in mind that trading decisions should consider broader market analysis, risk management strategy, and always ensure you understand and can afford potential losses before entering any trade.