Price: 0.253 | EMA7: 0.26 | EMA25: 0.26 | RSI14: 33.22 | Resistance: 0.273 | Support: 0.249 | Average Volume: 76917.56 | Volume Trend: Increasing
Based on the technical analysis of FLOWUSDT for the last hour:
1. Long Entry Price Recommendation: The price appears to be consolidating near the Support level at 0.249. Considering the positive momentum indicated by the increased volume and upward trend in volume, a good long entry point could be around the EMA25 at 0.262. Setting a stop-loss below the Support level can mitigate potential risk.
2. Short Entry Price Recommendation: If you believe the price is due for a downward movement, the Lower Bollinger Band (approx. 0.250) could serve as a potential short entry point. Keep an eye on the Relative Strength Index (RSI) and MACD indicators to determine an appropriate entry signal.
Remember to adjust your entry prices based on your risk tolerance and market conditions. Monitor the chart closely for potential turning points before commencing any trades. It is crucial to adhere to a proper trading plan, including proper risk management techniques, like trailing stops or multiple entry/exit points.