Price: 0.1737 | EMA7: 0.18 | EMA25: 0.18 | RSI14: 24.42 | Resistance: 0.1931 | Support: 0.1701 | Average Volume: 139221.17 | Volume Trend: Decreasing
For short position: Considering the given technical indicators, a potential entry point for a short position would be when the price crosses below the EMA25 (support at 0.1701) and RSI (slight oversold condition) supports the move. In this situation, you could enter the trade when:
1. Price crosses below EMA25 (likely to happen around 0.1701).
2. RSI gets below 30 (indicating oversold conditions).
For a long position:
Entry point for a long position would be when the price crosses above the resistance level (0.1931) and shows a stable or slightly increasing EMA trend, as well as an oversold RSI condition supporting a potential upward move. You could enter the trade when:
1. Price crosses above the resistance level 0.1931.
2. Both EMA trend (increasing or stable) and RSI (getting below 30 or positive) support the upward movement.
In conclusion, your long/short entry prices might look something like this:
Long: When price crosses above 0.1931 and displays the following conditions:
- EMA trend: Increasing or stable
- RSI: Getting below 30 or positive
Short: When price crosses below 0.1701 (EMA25 support) and displays the following conditions:
- EMA trend: Decreasing
- RSI: Oversold (beyond ~30)