Price: 0.3803 | EMA7: 0.38 | EMA25: 0.39 | RSI14: 33.28 | Resistance: 0.4179 | Support: 0.373 | Average Volume: 117832.86 | Volume Trend: Decreasing
Based on the 15-minute chart you provided, here is a brief technical analysis of JUPUSDT and advice on optimal entry points:
Price: 0.3803JPY (current price)
EMA7: 0.37943159427589
EMA25: 0.38785536558693
RSI14: 33.276212199138
MACD: -0.0058818038106682
Resistance Levels:
1. 0.4179JPY (first resistance level)
2. 0.4470JPY (second resistance level)
Support Levels:
1. 0.373JPY (first support level)
2. 0.355JPY (second support level)
Average Volume: 117,832.86 JPY (average transaction volume)
Volume Trend: Decreasing (volume reducing at current time)
Advice: Given the decreasing volume trend and the MACD showing a bearish signal, consider going short when the price reaches the first support level (0.373JPY) or higher.
For long positions:
If you prefer long entries, wait for the following scenarios:
1. Wait for price to cross above the EMA7 (0.37943159427589).
2. Wait for the MACD to indicate a bullish crossover above the zero line.
Entry prices for both short and long positions would be:
Short-term Entry: Wait for price to cross below the EMA25 (0.38785536558693) towards 0.373JPY (first support level) or lower.
Long-term Entry: Wait for price to cross above the EMA25 (0.38785536558693) heading towards the EMA7 (0.37943159427589) level or higher.
Always consider using stop-loss orders to manage potential losses and ensure your overall risk-reward ratio is favorable. Monitor these levels closely and adjust your entry points accordingly as market conditions may change.