Price: 0.2588 | EMA7: 0.26 | EMA25: 0.27 | RSI14: 31.78 | Resistance: 0.2849 | Support: 0.2532 | Average Volume: 463648.98 | Volume Trend: Increasing
Based on the information provided in the 1-hour chart of AUSDT, the current price of AUSDT is 0.2588. Considering the short-term trading strategy, here is the analysis:
Best Long Entry Prices:
1. EMA7 (0.2634023537): Wait for a crossover above the EMA7 to enter long positions, targeting the EMA25 for potential profit.
2. EMA25 (0.2675942201): Whenever the price trends above the EMA25, consider long positions, targeting higher resistance levels for potential profits.
Best Short Entry Prices:
1. RSI14 (31.77815467): Wait for RSI to cross below 50 and consistently trade below this level to consider short positions, with assistance from price action (like a swing low) near the support levels to minimize risks.
2. EMA25 (0.2675942201): If the price drops below the EMA25, consider short positions, targeting lower support levels for potential profit.
Best Spot Buy Price:
Wait for price action to break above the resistance level of 0.2849, confirming a bullish signal, before buying AUSDT.
Advice: Implement a risk-managed strategy based on your trading philosophy and preferences. Long trades should consider risking around 1% per entry, while short trades may risk slightly higher due to potential smaller profit potential at each entry. Monitor your positions closely and adjust your stop-losses accordingly to manage risks.