Price: 0.3023 | EMA7: 0.3 | EMA25: 0.3 | RSI14: 59.84 | Resistance: 0.3322 | Support: 0.2775 | Average Volume: 432966.88 | Volume Trend: Decreasing
Based on the 1h chart of MANAUSDT, I would say the overall trend is neutral to bearish, given the decreasing volume and EMA25 crossing below EMA7.
Recommendation:
- Long Short: Considering the bearish bias, a short position could be taken with a target of the support level at 0.2775. However, I would recommend a more conservative approach. Wait for a reversal in the RSI, or for the price to test the EMA7, then initiate a short with a stop loss around 0.305 and a take profit near the support level at 0.2775.
Price for Long/Short entry: $0.300
Price for Long/Short Take Profit: $0.280 (Below the support at $0.2775)
Stop Loss: $0.305
- Spot Buy: As the overall trend is bearish and the price is close to the EMA7, I would advise against buying. However, if you insist on buying, consider buying when the price retests EMA7, and the RSI is in the oversold zone (below 30).
Best spot buy price above the support level could be around $0.292