Price: 0.1118 | EMA7: 0.11 | EMA25: 0.11 | RSI14: 51.11 | Resistance: 0.1158 | Support: 0.1034 | Average Volume: 375173.59 | Volume Trend: Decreasing
Based on the provided technical analysis, here is my response:
1. Long position recommendation: Consider entering a long position when we see a decisive bullish crossover of the 7-hour EMA (28.13) with the 25-hour EMA (31.01). Once the crossover occurs and the price crosses above the support level at 0.1034, you can enter your long position.
2. Short position recommendation: A good short position entry can be placed when the price breaks below the support level mentioned above at 0.1034 and while trading below the short term EMA (28.13).
3. Best spot buy price: Based on the current levels mentioned in the analysis, the best spot buy price would be when the price crosses and trades above the support level at 0.1034. This could be an opportunity to enter a long position.
4. Best spot sell price: For selling Ongoing (ONG) Tether USD (USDT) pair in the future, we suggest considering selling when the momentum turns bearish with a decline in RSI and a bearish crossover of the EMA7 and EMA25. Ensure the price stays below the resistance level at 0.1158 before deciding on selling.
Remember to always consult with a financial advisor before making any investment decisions.