Price: 0.01575 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 37.66 | Resistance: 0.01842 | Support: 0.01513 | Average Volume: 1909778.28 | Volume Trend: Decreasing
Based on the provided technical analysis, here is some guidance on potential entry points for a long and short trade on GUNUSDT:
For a Long (Buy) entry:
1. Spot Buy Price: Wait for the price to strengthen and cross above the 25-period EMA (0.016114540278151) and RSI14 to indicate a bullish momentum.
2. Long Entry Price: Once the price touches the 14-day RSI (37.661292530477) above the oversold zone (~30), placing a buy limit order slightly below the EMA25 and RSI crossing levels.
For a Short (Sell) entry:
1. Short Entry Price: Wait for the price to weaken and cross below the 7-period EMA (0.015820135937703) and the RSI14 breaking the oversold zone (~30) while crossing below the MACD signal line.
2. Use a stop loss level slightly above the resistance levels and move it to break-even point after a 5-10% profit level is achieved to manage risk.
Remember to continuously monitor the levels mentioned above as market conditions and sentiment can change quickly in cryptocurrency trading. It is always essential to align your strategy considering the broader market conditions and invest according to your risk tolerance and trading plan.