Price: 0.139 | EMA7: 0.14 | EMA25: 0.14 | RSI14: 61.54 | Resistance: 0.1448 | Support: 0.1104 | Average Volume: 417666.04 | Volume Trend: Increasing
Based on the 1-hour chart of BICOUSDT, I advise a long position with a potential entry price around 0.134-0.136, as the price has bounced off the support level and the EMA25 is providing support. The RSI14 is showing a mildly overbought reading, indicating a potential minor pullback before the price continues to rise.
For a spot buy, I recommend waiting for a pullback to the support level around 0.130-0.132, as the price has retraced to this zone before. This would provide a good entry point with a lower risk and potentially higher reward.
Entry prices for a Long/Short position:
* Long: 0.134-0.136
* Short: 0.144-0.146 (above resistance level)
Spot buy price: 0.130-0.132 (support level)
Please note that this is a general analysis, and it's essential to set your own stop-loss and take-profit levels based on your risk tolerance and market conditions.