Price: 0.2074 | EMA7: 0.21 | EMA25: 0.22 | RSI14: 40.93 | Resistance: 0.318 | Support: 0.168 | Average Volume: 26384788.39 | Volume Trend: Decreasing
Based on the provided technical analysis, the short-term outlook for MITOUSDT shows the price is currently trading below the 7-day EMA and around the 25-day EMA, indicating a short-term bearish trend. The RSI is within the neutral zone, with slight bearish divergence suggesting further possible weakness. MACD histogram indicates a bearish crossover.
As for long entry points: If the price goes above the 7-day EMA (approximately 0.2118), I suggest exiting half of your position as a protective stop-loss and then trailing the stop-loss to break-even when the price reaches about 0.22. A higher entry point could be waiting for a bullish crossover of the MACD histogram below the current 0.2074 level.
For short entry points: If the price dips below the support level of 0.168, yet stays above the psychological level of 0.131, a short position can be taken. Additionally, a bearish crossover of the MACD histogram can be used.
Please note that the market is volatile, and there could be sudden price movements. Always ensure adequate risk management when trading. It is advisable to consult professional financial advisors for specific investment advice tailored to your situation.