Price: 15.89 | EMA7: 15.28 | EMA25: 15.86 | RSI14: 49.57 | Resistance: 25.63 | Support: 11.64 | Average Volume: 131915.13 | Volume Trend: Increasing
Based on the provided technical analysis for METISUSDT over the past day, here's my response:
1. Trading method suggestion: Take a look at the EMA25 (red), as it can serve as a long-term support or resistance zone also called a Golden or Death Cross (respectively). According to this analysis, we can see that the price is above the 25-day EMA (currently 15.8598), indicating a positive trend.
2. Long Entry: Consider entering the long position when the price crosses above the 25-day EMA or when we see a bullish convergence of other indicators like RSI, MACD, or resistance levels serving as support. Be cautious with higher prices when considering long entry to avoid sudden downturns.
3. Short Entry: Considering there might already be a positive trend, entering the short position would be easier than doing so for METISUSDT, as the price typically doesn't frequently go below its 25-day EMA. In most short-term scenarios, it's safer to wait for short opportunities during a range-bound phase or a retracement above 25-day EMA but below overbought levels.
Best spot buy price suggestions: Aim for a spot buy around 15.86 ($), considering the positive trend based on 25-day EMA, support levels, and improved average trading volume.
Make sure to maintain stop-loss orders to protect your investment, and always verify the current market conditions (e.g., general market trends, news, and crypto-specific factors) prior to making any transaction.