Price: 33.53 | EMA7: 33.63 | EMA25: 32.94 | RSI14: 61.43 | Resistance: 34.47 | Support: 29.06 | Average Volume: 576.38 | Volume Trend: Decreasing
Based on the 1-hour technical analysis of FARMUSDT:
The current price is 33.53, which is above the EMA25 (32.94) but below the EMA7 (33.63). This indicates a short-term trend reversal.
The RSI14 (61.43) is above the neutral line, indicating overbought conditions.
The MACD (0.57) is positive but decreasing, suggesting a potential short-term decline.
Considering the analysis, I recommend:
Long position entry: $32.50-$32.80 (below the EMA25 and recent support levels).
Long position exit: $34.50-$35.00 (above the resistance level).
Short position entry: $34.50-$35.00 (above the resistance level).
Short position exit: $32.00-$31.50 (below the EMA25 and recent support levels).
As for the spot buy price, I suggest looking for a price dip below $32.80, potentially around $32.50-$32.20, where the EMA25 and support levels converge.