🤖 AI Insight

Based on the provided technical analysis for MEUSDT, here is the advice on the best entry points:

Long Entry: Wait for the price to break above the 0.50 ($0.50 level) resistance. Ensure that the MACD signal (green line crossing above the red line) confirms this break before entering a long position. Set a stop-loss below the 0.402 support area for better risk management.

Short Entry: Look for a signal to go short when the price breaks below the EMA25 or EMA7 levels, ensuring a consistent momentum in the downward direction. Also, ensure the RSI is in an overbought or oversold area (100-0 or 0-100), indicating a potential pullback to the mentioned EMA levels. Set a stop-loss above the resistance level at 0.613.

Notice that I mentioned average volume and volume trend as decreasing. This suggests a possible trend shift since a reducing volume trend indicates weaker momentum, leading to precautions if relying on volume analysis.

For instance, using the average volume gives a benchmark target price where there might be higher chances of finding demand or sellers. Use the RSI or MACD analysis to complement the volume trend and improve entry decisions.

Additionally, considering the presence of support at $0.402 and resistance at $0.613, your entry points will depend on your risk tolerance, trading style, and market conditions at the given moment. It is recommended to consult with financial advisors to determine the best entry prices aligning with your trading approach and risk profile.