Price: 0.002501 | EMA7: 0 | EMA25: 0 | RSI14: 58.63 | Resistance: 0.002544 | Support: 0.002219 | Average Volume: 30330600.3 | Volume Trend: Decreasing
Based on the 1h chart of MBLUSDT, here's a brief analysis:
- The short-term EMA7 is above the long-term EMA25, indicating a bullish trend.
- The RSI14 is around 58, which is near the neutral zone (50-70).
- The MACD is weakly bullish, but not strong enough to confirm a buy signal.
- The price is above the support level of 0.002219, but below the resistance level of 0.002544.
- Volume Trend is decreasing, which may indicate a loss of market momentum.
Based on this analysis, a long trade entry could be considered if the price breaks above the resistance level of 0.002544, targeting a price of 0.00259 ( approximately 4.5% increase). A stop loss could be set at the support level of 0.002219.
A short trade entry could be considered if the price breaks below the EMA25 level, targeting a price of 0.002395 (approximately 4.5% decrease). A stop loss could be set at the EMA7 level.
**CAUTION:** Technical analysis is subjective and only serves as a guide. Considering other market indicators and conducting thorough research before making any trades is crucial.
Regarding the best spot buy price, we would look for a price around the support level or at a 4-6% discount to the resistance level. In this case, that would be around 0.002411 (0.002544 - 0.002544 * 0.04) or 0.002409 (0.002544 - 0.002544 * 0.06).
Please consult other market indicators and conduct thorough research before making any investment decisions.