Price: 2.26 | EMA7: 2.27 | EMA25: 2.28 | RSI14: 39.31 | Resistance: 2.325 | Support: 2.18 | Average Volume: 1629.12 | Volume Trend: Decreasing
Based on the provided technical analysis of GNSUSDT on a 15-minute chart:
1. Long Entry Prices:
a. As price is below both EMA7 and EMA25, you should wait for a bullish crossover between these two moving averages before considering a long entry position. Typically, the crossover should occur at or near the current support level of 2.18.
b. Once the crossover happens, you should wait for an upward crossover in the RSI14 indicator, and another confirmation signal will be the rise of the MACD line above the signal line giving a green signal. At this point, you can open your long position at the support level of 2.18.
2. Short Entry Prices:
a. Since we are focused on a crypto trading platform, consider starting the analysis from the point where GNSUSDT appears in the chart.
b. Once the price breaks the support level of 2.18, expect it to continue moving downward: Enter your short position around the resistance level of 2.325, which seems close to the current price (2.26) given in the analysis. As price is above the EMA7 and EMA25, wait for a bearish crossover to confirm an uptrend reversal before entering a short position.
Advice:
For best results within a tight market, wait for a bullish crossover under the market conditions mentioned above to enter a long position at the support level of 2.18. Otherwise, when RSI14 and MACD signal a strong downtrend, enter a short position around the resistance level of 2.325. Always consider potential slippage and market volatility while placing orders. Monitor the trading platform and the overall market conditions closely before making any trades.