Price: 0.1713 | EMA7: 0.15 | EMA25: 0.14 | RSI14: 62.11 | Resistance: 0.3036 | Support: 0.0641 | Average Volume: 46066831.15 | Volume Trend: Decreasing
For MAGICUSDT at 1d:
- The current price is 0.1713, above both EMA7 (0.1503) and EMA25 (0.1436), indicating a bullish trend.
- RSI14 is 62.11, suggesting the asset is not overbought yet, leaving room for potential upside.
- MACD is positive, reinforcing the bullish sentiment.
**Advice:**
- **Long Entry:** Consider entering long around 0.1650-0.1700, as a pullback to these levels could provide a better entry point, with a stop loss below EMA25 (0.1436).
- **Short Entry:** If the price hits the resistance at 0.3036 and shows signs of reversal, consider shorting with a stop loss above 0.3036.
- **Spot Buy:** A good spot buy price could be around 0.1500-0.1550 if the price pulls back to these levels, aligning with the EMAs and potentially offering a good risk-reward ratio.
Keep an eye on volume and overall market sentiment, as decreasing volume could indicate a weakening trend.