Price: 0.004103 | EMA7: 0 | EMA25: 0 | RSI14: 65.55 | Resistance: 0.004211 | Support: 0.003467 | Average Volume: 12025620.36 | Volume Trend: Decreasing
Based on the provided technical analysis, here's the conclusion:
Price: 0.004103
EMA7: 0.004114
EMA25: 0.004015
RSI14: 65.55
MACD: 8.28E-5
Resistance: 0.004211
Support: 0.003467
Average Volume: 12025620.36
Volume Trend: Decreasing
Considering that the Volume Trend is decreasing, which indicates less trading activity, it can be expected that market sentiments might shift or consolidate. The current trading environment appears slightly bearish as the MACD line is decreasing, and RSI is on the upper area. This might lead to downward pressure if traders stay cautious.
Advisory:
Best Long Entry Price: Wait for the price to retrace and hit the support level at 0.003467 before entering a long position, with a stop-loss below the support to minimize risk.
Best Short Entry Price: Wait for the price to test the resistance level at 0.004211 before entering a short position. A stop-loss should be placed above the resistance level to maximize potential profits.
Spot Buy Advice: Consider buying IOSTUSDT near 0.003467 ($0.003467 to 0.003555), as this level represents immediate support. Place a stop-loss slightly above the resistance at 0.003583 to minimize risk while entering the trade.
Market conditions suggest waiting for a trading pair in the mentioned ranges before initiating trades, considering the bearish indicators and decreased trading volume.