Price: 10.41 | EMA7: 12.43 | EMA25: 14.81 | RSI14: 39.34 | Resistance: 162.29 | Support: 7.93 | Average Volume: 755742.6 | Volume Trend: Increasing
Based on the 1-week technical analysis of ILVUSDT, I would suggest the following:
- Overall, the price is currently below the EMA25 line, indicating a bearish trend. However, the decreasing MACD value (-2.045713911931) suggests that the bearish momentum may be weakening.
- The RSI14 (39.343301904209) is below 50, indicating that the price is in a bearish territory, but is not over-sold.
- The Volume Trend is Increasing, suggesting a strong buying pressure, which is a bullish sign.
For a long entry:
- Wait for a bullish crossover between EMA7 and EMA25. This is likely to occur when the EMA7 line crosses above the EMA25 line.
- The best long entry price could be around the EMA50 line, which is not shown but can be calculated. Let's assume the EMA50 is around 12.50. A long entry price around 12.20 to 12.40 could provide a good risk-reward ratio.
- If the long entry price is taken at the current price of 10.41, consider using a tight stop-loss at 9.70 to avoid significant losses.
For a short entry:
- Wait for a bearish crossover between EMA7 and EMA25.
- The best short entry price could be around 12.80, slightly above the EMA25 line.
- If the short entry price is taken at the current price of 10.41, consider using a tight stop-loss at 11.00 to avoid significant losses.
For a spot buy:
- Wait for a strong buy signal on the RSI, such as the RSI14 crossing above 50.
- The best spot buy price could be around 11.00 to 11.50, where the price touches the EMA50 line (assumed to be around 12.50).
- Consider using a moderate amount of leverage (around 1:2) to minimize the risk of the trade.
Please note that these are general suggestions and should be verified with other technical and fundamental criteria.