Price: 0.0841 | EMA7: 0.09 | EMA25: 0.11 | RSI14: 29.86 | Resistance: 0.1884 | Support: 0.0777 | Average Volume: 8831064.9 | Volume Trend: Decreasing
Based on the provided technical analysis, here is my response:
1. Long Entry Prices: To take a long position, consider entering when the price crosses above the EMA25 resistance level (around 0.106). Place a stop-loss below the EMA7 support level (0.09028) to minimize potential losses.
2. Short Entry Prices: In a bearish market or when the price breaks below the support level at 0.0777, you can initiate a short position. Place a stop-loss above the EMA25 resistance level (0.106) to protect your position.
3. Best Spot Buy Price: Considering the current levels of RSI (29.86) and MACD (-0.011), wait for these indicators to strengthen, showing signs of bullish market momentum. Ideally, the RSI should move above 30, and the MACD histogram should turn positive before considering a buy.
Please note that technical analysis should be used in conjunction with other market factors, news, and events to make informed investment decisions. Always consult with a financial advisor before making any investment choices.