Price: 0.001742 | EMA7: 0 | EMA25: 0 | RSI14: 43.82 | Resistance: 0.001868 | Support: 0.001734 | Average Volume: 10272737.59 | Volume Trend: Decreasing
Notus (NOTUSDT) 15m chart analysis:
- Price is near EMA7 and close to EMA25, indicating a consolidation phase.
- RSI14 is 43.82, indicating a neutral bias as it's not overbought or oversold.
- MACD is zero, indicating no strong trend.
- Volume trend is decreasing, suggesting weak demand.
- Current price (0.001742) is near the support level (0.001734).
Long-term strategy:
- Buy on breakout above the resistance level (0.001868) with a target of 0.0020.
- Set a stop-loss order at the support level (0.001734).
Short-term strategy:
- Consider a long position on a high volume increase after breaking above the resistance level (0.001868).
- As for a long/short entry, the resistance level (0.001868) is the best spot to enter a short position. Enter a long position at the support level (0.001734).
- Best spot buy price is at or below the support level (0.001734), as it has more room to rebound.
However, since the volume trend is decreasing, a cautious approach would be recommended.