Price: 0.419 | EMA7: 0.41 | EMA25: 0.39 | RSI14: 55.88 | Resistance: 0.458 | Support: 0.289 | Average Volume: 4387569.49 | Volume Trend: Increasing
Based on the 1-day technical analysis of FLOWUSDT, the following observations can be made:
- The price of FLOWUSDT is at 0.419, above its short-term EMA7 trend line.
- The long-term EMA25 is trending lower, indicating a bearish trend.
- The RSI14 is around 56, indicating that the asset is neither overbought nor oversold.
- The MACD is in a neutral zone, suggesting no strong momentum.
- The Volume Trend is increasing, indicating buying interest.
Considering these factors, it might be best to execute a long position when the price retests the long-term EMA25 or breaks the support level at 0.29.
For a potential Long/Short entry, consider the following prices:
- Long entry: Break or retest the EMA25 (0.394), with a stop-loss slightly above the high of the current candle.
- Short entry: Break above the resistance level at 0.458, with a stop-loss slightly below the low of the current candle.
As for a spot buy recommendation, it's hard to give definitive advice without considering more data and timeframes. However, if you do decide to buy, look for confirmation near the EMA25 or when the RSI is in the oversold region below 30, indicating a potential buy opportunity.