Price: 0.0344 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 55.6 | Resistance: 0.0352 | Support: 0.0314 | Average Volume: 388944.18 | Volume Trend: Decreasing
Based on the provided technical analysis of the FLMUSDT (Fluence Labs Token) on a 15-minute chart, I can provide you with some insights and guidance on potential entry points for long and short positions, as well as a suggested spot buy price.
First, let's consider the key levels for potential entry points:
Long position (Buy). At this moment:
1. Entry price: Below the support level at 0.0314. A suitable entry could be at 0.0304 or slightly lower, depending on risk tolerance and desired target profit.
2. Profit target: Aim for a 5-10% increase from entry price or target the nearest resistance level at 0.0352.
Short position (Sell):
1. Entry price: Above the resistance level at 0.0352. A potential entry could be at 0.03568 or slightly higher, keeping in mind the risk and desired profit target.
2. Profit target: Aim for a 5-10% decrease from the entry price or target the nearest support level at 0.0314.
For the most recent spot buy price, I recommend considering the current price of 0.0344. To avoid unnecessary risk, I would advise monitoring the price movement and considering the levels mentioned for long and short positions before making a buy decision. Additionally, keep in mind the mentioned entry prices for both long and short positions to diversify your trading strategy.
Best of luck with your trading decisions! If you need further assistance or have any other questions, feel free to ask.