Price: 0.081 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 79.7 | Resistance: 0.0887 | Support: 0.0554 | Average Volume: 18386348.38 | Volume Trend: Increasing
For BIOUSDT at 4h:
- Price is in an uptrend, above EMA7 and EMA25, indicating short-term and long-term buying momentum.
- RSI14 (79.6998) is above 70, indicating an overbought market. Wait for a pullback or correction.
- MACD is positive, indicating a bullish trend.
- Volumes are increasing, supporting the uptrend.
- Long/Short entry prices: Consider a short entry around 0.078-0.082, utilizing a pivot point or Fibonacci retracement levels.
- Spot buy price: Wait for a pullback or correction, potentially around 0.065-0.075, and set a limit order to purchase at a higher level.
Please note that technical analysis carries no guarantee of success. Always consider fundamental factors and use caution when making investment decisions.