Price: 0.3149 | EMA7: 0.32 | EMA25: 0.32 | RSI14: 46.19 | Resistance: 0.3564 | Support: 0.3012 | Average Volume: 876900.87 | Volume Trend: Increasing
Based on the provided technical analysis of CELOUSDT for a 4-hour timeframe, the current price is around 0.3149 USDT. Here's an overview of key indicators and their current levels:
1. Price: 0.3149 USDT
2. EMA7: 0.31536910709952 (7-day Exponential Moving Average)
3. EMA25: 0.31767338031226 (25-day Exponential Moving Average)
4. RSI14: 46.192873301127 (Relative Strength Index, 14-day period)
5. MACD: -0.0022781957682551 (Moving Average Convergence Divergence, 12, 26 periods)
Levels of resistance and support have been mentioned as well:
1. Resistance: 0.3564 (potential barrier to price increases)
2. Support: 0.3012 (potential support for price increases to strengthen)
Additionally, the average volume is around 87,690,087 USDT and the volume trend is considered increasing.
Now, let's discuss potential entry points for Short (sell) and Long (buy) positions:
For Long (buy) positions:
1. Considering the increasing volume trend and being within "no panic" levels in both RSI (above 30) and MACD (positive value), the market seems to have room for growth.
2. A good Long entry point could be around the Support level (0.3012 USDT or higher). Monitor the RSI and MACD values closely to ensure they remain within a "no panic" zone.
3. A secondary entry point below the Support level can be considered when both RSI and MACD indicate no panic, ensuring the price remains within a supportive area before breaking above Support.
For Short (sell) positions:
1. As explained previously (considering increasing volume trend, no panic RSI, and positive MACD), we seek opportunities for selling when either the RSI falls within the "panic" zone or the MACD indicates a negative crossover.
2. A Short entry point could potentially be at the Resistance level (0.3564 USDT or lower).
3. A secondary entry point above the Resistance level must coincide with both RSI and MACD indicating panic conditions to ensure a potential price reversal is signaling a Short entry.
It is essential to closely monitor these key levels as cryptocurrency markets can be highly volatile. Using stop-loss orders and setting the Take Profit in line with your trading strategy can aid risk management.