Price: 0.6883 | EMA7: 0.69 | EMA25: 0.73 | RSI14: 26.53 | Resistance: 0.9757 | Support: 0.6643 | Average Volume: 572758.5 | Volume Trend: Decreasing
Based on the provided technical analysis for ERAUSDT (Equilibrium), here are the insights and recommendations for your investment decision:
1. Entry points for Long (Buy) positions:
a. For conservative traders: Wait for a pullback to the support level at 0.6643 and enter Long when the price touches it or closes above.
b. For more aggressive traders: Use the EMA25 (0.7283) as a bullish signal and enter Long once it crosses above EMA7 (0.6947).
2. Entry points for Short (Sell) positions:
a. Wait for a break below the current support at 0.6883, ideally followed by a retest and close below.
b. Alternatively, wait for a crossover of the MACD line (purple line) below the signal line (in red) as an indicator of bearish momentum.
Make sure to consider your risk tolerance, trading strategy, and asset diversification before making any investment decisions. Always practice proper risk management techniques, such as using stop-loss orders and sticking to a well-defined trading plan.