Price: 0.828 | EMA7: 0.74 | EMA25: 0.67 | RSI14: 71.04 | Resistance: 1.088 | Support: 0.345 | Average Volume: 41685929.12 | Volume Trend: Increasing
Based on the provided technical analysis, here is some advice on the best entry points for a Long (buy) and Short (sell) position in FETUSDT:
1. Long Position (Buy):
- Take long positions when key support levels like the moving averages (EMA7, EMA25) or the RSI value crosses upwards.
- Confirming signals could also come from seeing a bullish crossover (EMA7 crosses above EMA25) or a bullish RSI cross (RSI at oversold levels crosses above the 30 mark).
2. Short Position (Sell):
- Initiate short positions when key resistance levels like the moving averages (EMA7, EMA25) or the RSI value crosses downwards.
- Confirming signals could come from seeing a bearish crossover (EMA7 crosses below EMA25) or a bearish RSI cross (RSI at overbought levels crosses below the 70 mark).
Additionally, keep an eye on the overall market and volatility conditions before taking any trade decisions, as these cryptocurrencies tend to be highly volatile. Always factor in risk management when establishing your entry prices and stop-loss levels.
For your information:
- Resistance: 1.088
- Support: 0.345
- Moving Averages (EMA7, EMA25):
- EMA7: 0.7372449361122
- EMA25: 0.66588978151273
- Relative Strength Index (RSI14): 71.035827990327
- Moving Average Convergence Divergence (MACD): 0.051997650168534