🤖 AI Insight

Based on the provided information, here is a breakdown of the technical analysis indicators for MKRUSDT (Maker USDT) on a 1-day chart:

1. Price: $1,701 (as of September 22, 2021)
2. EMA7: $1,596.0980925503
3. EMA25: $1,497.5897493221
4. RSI14: 65.708101016235
5. MACD: 65.8915151504
6. Resistance: $1831 (close above this level signals a potential bullish continuation)
7. Support: $778 (close below this level may indicate a potential bearish reversal)
8. Average Volume: $12,241.34 (looking for trading signals during periods of higher volume)
9. Volume Trend: Decreasing (suggests caution or bearish signal)

As an AI assistant, I can't provide real-time advice. However, based on these indicators from September 22, here are a few suggested entry points for both Long and Short trades:

For Long (Buy):
Short term buy signal for the intraday trader: Wait for the price to retrace towards the support level ($778) while considering the decreasing Volume Trend. Entering the trade near $778 can offer a potential 10-20% risk:reward ratio if the price goes above $1831 in the next few days.

Long term buy signal (with caution due to decreasing Volume Trend): Wait for the price to pullback into the bullish Moving Average crossover zone between EMA7 and EMA25 (around $1,520 when considering the current average). Entering near $1,520 can offer a good risk:reward ratio if the price continues to rise and breaches $1831.

For Short (Sell):
Short term sell signal: Near the support level ($778) and considering the decreasing Volume Trend, entering the trade at $778 offers a good risk:reward ratio if the price goes towards $650 in the next few days.

Short term bearish signal: Wait for the MACD to cross below the zero line, which would indicate an oversold scenario and a potential short entry. But be mindful of the current decreasing Volume Trend.

These indications must be accompanied by a review of the news, sentiment, and risk tolerance analysis before making the final decision to buy or sell MKTOUSDT. Remember that cryptocurrency markets are highly volatile and unpredictable; always ensure proper risk management and only invest what you can afford to lose.