Price: 0.0265 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 46.09 | Resistance: 0.028 | Support: 0.0244 | Average Volume: 383536.67 | Volume Trend: Decreasing
Based on the provided technical analysis for ATAUSDT on a 1-hour timeframe, here are the recommendations for entry points:
1. Long Entry Price: Await a pullback or break above the resistance level of 0.028 ATA/USDT before entering a long position. Place your stop-loss below the nearest support level, which is around 0.0244 ATA/USDT. Your potential profit target can be calculated as the difference between the resistance and support levels, plus the current price, i.e., (0.028 - 0.0244) + 0.0265 = 0.0034.
2. Short Entry Price: Wait for a pullback or a close below the EMA25 at 0.026684092681814 ATA/USDT before initiating a short position. Place your stop-loss above the nearest resistance level, which is around 0.028 ATA/USDT. Your potential profit target can be calculated as the difference between the resistance level and the stop-loss value, minus the current price, i.e., (0.028 - (0.028 + 0.0266)) x -1 = -0.0016.
Best Spot Buy Price: Since the volume trend is decreasing, it is recommended to wait for a possible break above the resistance level (0.028 ATA/USDT) and a strengthening of volume before considering a buy position.
Remember, these recommendations assume no fundamental factors are influencing the price. Always apply proper risk management strategies, such as proper stop-loss placement and risk tolerance assessment before entering any trade.