Price: 7.68 | EMA7: 9.97 | EMA25: 12.09 | RSI14: 37.35 | Resistance: 53 | Support: 2.74 | Average Volume: 10175398.53 | Volume Trend: Decreasing
Based on the provided technical analysis, here is the insights for trading INJUSDT (Inject Prime):
Price: 7.68
For the Long (Buy) Entry:
1. Use Long Entry with higher support levels above the current price level (considering the decreasing volume trend).
2. Use the support level (2.74) as a reference for entry, adjusting the stop loss order accordingly to maintain a reasonable risk level.
For the Short (Sell) Entry:
1. Use Short Entry with higher resistance levels around the current price level, considering the decreasing volume trend.
2. Observe potential resistance levels (around 53) to initiate a Short position once it breaks down.
Spot buy price suggests buying INJUSDT at:
1. Exactly at 53 if you believe the current resistance level is a strong buy zone due to possible volume accumulation.
2. Closer to Support (2.74) if expecting a pullback upon reaching the higher resistance zone.
Advice: Always keep a close eye on volume and price movements while considering the slowdown in volume trend. Crossing below support levels might suggest a change in market sentiment and is advisable to adjust the buy/sell prices accordingly.