Price: 103145.79 | EMA7: 92450.82 | EMA25: 88234.57 | RSI14: 64.02 | Resistance: 109588 | Support: 24800 | Average Volume: 234942.74 | Volume Trend: Decreasing
Based on the 1-week chart, here's my analysis:
* The price is above both EMA7 and EMA25, indicating a bullish trend.
* RSI14 is above 50, also suggests a bullish momentum.
* MACD is positive, supporting the bullish view.
* The closest resistance is at 109588, which could be a potential target.
* The support at 24800 is far from the current price, indicating a strong upward trend.
Recommendations:
* Best entry price for Long: 104500 (above the recent high)
* Best entry price for Short: 109588 (at the resistance level, with a stop-loss above the resistance)
* Best spot buy price: 103500 (near the current price, with a stop-loss below the recent low)
Keep in mind that technical analysis is not a guarantee of future price movements. Always use proper risk management and consider your own trading strategy.