Price: 2.7 | EMA7: 2.37 | EMA25: 2.34 | RSI14: 61.62 | Resistance: 7.57 | Support: 1.7 | Average Volume: 652841.82 | Volume Trend: Increasing
Based on the 1-day technical analysis of OMNIUSDT, here's my assessment:
- The price is currently at 2.7, which is above both the EMA7 (2.37) and EMA25 (2.34), indicating an upward trend.
- RSI14 (61.62) is at a neutral zone, indicating neither overbought nor oversold conditions.
- MACD (-0.00547) is slightly negative, but not enough to signal a strong sell.
- The increasing volume trend indicates buying interest.
- However, the price is still far from the resistance level of 7.57 and close to the support level of 1.7.
Considering the setup, I would advise a Long entry at 2.4 (around the EMA25 level), and setting a stop loss around the support level of 1.7.
For a Long, consider selling half at 3.5 and half at 4.5 for risk management.
For a spot buy, wait for a break above the EMA7 at 2.37, preferably with increasing volume. A buy entry at 2.37 or below would be considered a spot buy.