Price: 0.000734 | EMA7: 0 | EMA25: 0 | RSI14: 29.29 | Resistance: 0.000813 | Support: 0.000694 | Average Volume: 78484969.37 | Volume Trend: Increasing
Based on the technical analysis provided for NOTUSDT, I can offer some insights and advice for potential trading decisions.
Long Term Entry Price Recommendation: Wait for the price to cross above the 7-day EMA (0.00075854072421167). Once the price breaks above this level, consider going long. This ensures that the long position is taken during an uptrend and with better potential for gains.
Short Term Entry Price Recommendation: Wait for the price to retrace and close (Bar Close) above the 25-day EMA (0.00077383185930331). This condition signals a potential buying opportunity during a short-term uptrend.
Spot Buy Price Recommendation: Given your preference for buying directly into the market, the current price of 0.000734 is suitable.
Sections of Trading Screen You Should Be Watching:
1. Price - Keep an eye on the price chart to observe potential entry points for buying (short-term) or selling (short-term).
2. EMA7 - Monitor the 7-day Exponential Moving Average (EMA7) as a potential entry point for long-term investments.
3. EMA25 - Keep an eye on the 25-day EMA as a confirming trading signal for short-term trades.
4. RSI14 - Check the 14-day Relative Strength Index (RSI14) to spot potential oversold or overbought conditions during price retracements.
5. MACD - Monitor the Moving Average Convergence Divergence (MACD) to evaluate the bullish or bearish momentum of the market.
6. Resistance Levels - 0.000813 serves as a potential resistance level to be watched for potential short positions.
7. Support Levels - 0.000694 acts as a support level that should not be breached for short-term buy opportunities.
8. Volume - Check the volume trend, as increasing volume can confirm a potential trend change and thus help with buy or sell decisions.
Monitoring these elements will aid you in making informed decisions based on the current market conditions.