Price: 0.0345 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 56.8 | Resistance: 0.03641 | Support: 0.03116 | Average Volume: 1492950.92 | Volume Trend: Increasing
Based on the 1-hour chart of MAVUSDT, here's a brief analysis:
- Price is currently trading at 0.0345.
- The short-term EMA7 (0.034424163547906) is slightly above the long-term EMA25 (0.034082665268981), indicating a bullish bias.
- RSI14 (56.804544007927) is above 50, but below 70, indicating a neutral to slightly bullish momentum.
- MACD (0.00028118351001502) is showing a bullish crossover, reinforcing the bullish sentiment.
- The resistance level is at 0.03641, and the support level is at 0.03116.
Advice:
1. Long Entry: The best long entry price might be around the low of the current candle (below 0.034), with a stop-loss at the support level (0.03116) and a take-profit at the resistance level (0.03641).
2. Long/Short Entry: A long/short entry can be made if the RSI14 starts to move below 40 while the price is above the EMA25, which could indicate a short-term bearish reversal. Wait for the 3 consecutive candle red below EMA25 after a bounce from it with a stop-loss at the resistance level (0.03641) and a take-profit at the support level (0.03116).
Please note that these are general suggestions, and it's essential to adjust them according to your personal trading strategy and risk management approach.