Price: 0.323 | EMA7: 0.31 | EMA25: 0.3 | RSI14: 73.64 | Resistance: 0.349 | Support: 0.259 | Average Volume: 376605.74 | Volume Trend: Decreasing
Based on the technical analysis presented, here is my assessment:
1. Long entry prices: When considering a long entry, base your decision on the crossing of both EMA7 (0.31445208020114) and EMA25 (0.29632186324986) lines above the candlesticks. This indicates potential price strength. Additionally, look for the Relative Strength Index (RSI14) to be below the oversold level of 30 or showing signs of an uptrend. As the support level appears in the range around 0.349, wait for the price to break above this resistance before opening a long position.
2. Short entry prices: Short entry can be considered when the price falls below the Support level around 0.259. Additionally, you could look for the EMA crossover where the EMA7 crosses below the EMA25 indicating a potential bearish trend. Wait for the RSI14 to signal oversold conditions before initiating a short trade. Lastly, the MACD could provide further confirmation with a decrease in the positive area of the histogram and a shift to the downside of the MACD line below the signal line. Overall, wait for all confirmations before considering a short position.
3. Neutral/Breakout level: The current price of GTCUSDT is USDT/GTC around 0.323, which presents a neutral stance until either a breakout above 0.349 for bullish sentiment confirmation or a break below 0.259 for bearish sentiment confirmation occurs.
Long-term advice: As this analysis is for a 4-hour time frame, continuously monitor the daily and weekly charts for major support/resistance levels and potential trend continuation or reversal. Adjust your positions accordingly to avoid sudden market moves.