Price: 0.0923 | EMA7: 0.11 | EMA25: 0.16 | RSI14: 31.5 | Resistance: 1.55 | Support: 0.0363 | Average Volume: 156478125.79 | Volume Trend: Decreasing
Based on the provided technical analysis, here is the suggested strategy for buying and entering Long/Short positions on LUNAUSDT:
1. Entry Price for Long Position: Wait for a pullback towards the support level of 0.0363 before considering a long position. Then, determine a reasonable price level within that range, such as around 0.038 to 0.039, as this will offer some room for price appreciation without overpaying.
2. Entry Price for Short Position: Since prices appear to be in a downward trend, you could consider placing a short position when the price surpasses the EMA25 (currently at 0.15623544660761) and remains above it for a while.
3. Spot Buy Price: Given the current price of 0.0923, buying the coin outright can be a viable option if you believe in the potential of the project and market sentiment improves.
4. Long Order Placement: Utilize a stop-loss order that protects you from further losses, setting it slightly below the support level around 0.0363. This can be set at around 0.035. Set your take-profit target to at least 10% or towards the nearest resistance level.
5. Short Order Placement: Place a sell stop-loss order a bit above the EMA25 level. This would ensure you don't lose any more capital if the price bounces. Set your buy stop-loss slightly below the support level around 0.0363, and target a profit at around the nearest resistance.
Remember, trading comes with risks, so always practice risk management and ensure you diversify your portfolio to reduce potential losses. Also, keep an eye on the key levels mentioned above for possible entry and exit opportunities.