Price: 0.1384 | EMA7: 0.14 | EMA25: 0.14 | RSI14: 61.41 | Resistance: 0.1473 | Support: 0.1094 | Average Volume: 555521.56 | Volume Trend: Decreasing
Based on the given technical analysis of BAKEUSDT, here's an overview of the chart and key levels:
Price Levels:
Long entry: 0.1473 (resistance level)
Short entry: 0.1094 (support level)
Best Buy Price: Approach the entry price once there's a pullback close to the support level (0.1094)
Indicators:
EMA7: 0.13883868722638 (Short-term moving average)
EMA25: 0.13500358210407 (Longer-term moving average)
RSI14: 61.413339996141 (Overbought/oversold indicator)
MACD: 0.0033219676979676 (Divergence and trend confirmation indicator)
Resistance: 0.1473
Support: 0.1094
Strategy Advice:
1. Long Entry: Wait for a pullback close to the support level (0.1094). Then, enter long positions on a breakout above 0.1473 or once oscillators crossover (MACD Histogram above zero line).
2. Short Entry: Enter short positions if price breaks below the support level (0.1094). Alternatively, wait for a downward crossover in the MACD oscillator indicating a potential bearish trend.
Best practice would be closely monitoring price action, oscillators, and employing stop-loss orders to minimize potential losses. Keep in mind that market conditions may vary, so always review the most recent candlestick patterns and consider adjusting your strategy based on those observations.