Price: 0.1783 | EMA7: 0.18 | EMA25: 0.18 | RSI14: 44.57 | Resistance: 0.2031 | Support: 0.142 | Average Volume: 1541989.14 | Volume Trend: Decreasing
Based on the provided technical analysis, here's my interpretation along with advice on entry prices:
1. Price: 0.1783 (Current price)
2. EMA7: 0.18350094676031
3. EMA25: 0.18324963102083
4. RSI14: 44.574174089461 (Needs to increase above 50 for bullish confirmation)
5. MACD: 0.001575627388604 (Already showing minor bullish signal)
6. Resistance: 0.2031 (Main resistance level)
7. Support: 0.142
8. Average Volume: 154,198.91 (Not a clear indication of a trend)
9. Volume Trend: Decreasing (Silent indicator)
Advice on entry prices:
1. Long/Buy Entry: When RSI crosses above 50, around the resistance level of 0.2031. Wait for a valid pullback towards the support level of 0.142 for a better entry point. Averaging potential entry price to minimize risk would be at around 0.18, considering the current demand zone because of support levels close by.
2. Short/Sell Entry: Identify the pullback to the resistance level of 0.2031 after a valid break below the support level of 0.142. Continuation of the downward trend may indicate a good short entry at this point.
Remember, these are general guidance suggestions, and it's essential to consider your risk tolerance and ongoing market conditions while making a final trading decision. Always do your own research and consider seeking advice from a financial advisor before entering into any trade.