Price: 0.0576 | EMA7: 0.06 | EMA25: 0.11 | RSI14: 36.91 | Resistance: 1.88 | Support: 0.02 | Average Volume: 148739720.24 | Volume Trend: Decreasing
Based on the technical analysis provided, here is my recommendation on potential entry points for long and short positions with NFPUSDT (the NFP token on the Tether USDT stablecoin):
For Long:
1. Aim to enter the market when the price crosses above the EMA25 (currently at around 0.1093 USDT), indicating a potential uptrend.
2. Set your Long entry price closer to the EMA7 (currently at 0.0645 USDT) as it provides a solid support level being more recent compared to the EMA25.
For Short:
1. Look to enter the market when the price crosses below the EMA25, suggesting a potential downtrend.
2. Set your Short entry price closer to the EMA7 as it provides a support level being more recent compared to the EMA25.
Regarding the best Spot Buy Price:
The current spot price is approximately 0.0576 USDT. Look to buy the coin when it shows a retracement towards the EMA7 level (0.0645 USDT), as it acts as a strong support level. Also, consider assessing additional factors like market sentiment, potential news or developments surrounding the project, and your personal risk tolerance before finalizing your purchase. Keep in mind that the values above are approximate, and you should double-check current prices before making any investment decisions.