Price: 0.1073 | EMA7: 0.11 | EMA25: 0.12 | RSI14: 35.23 | Resistance: 0.201 | Support: 0.0278 | Average Volume: 4295873.15 | Volume Trend: Decreasing
Based on the provided technical analysis, here is my advice on when to enter long or short positions and the best spot buy price for OSMOUSDT:
1. Entering Long Positions:
a. Long entry price: Wait for the price to cross above the EMA25 (currently at 0.1227279921357) for a confirmed uptrend signal.
b. Best spot buy price for long positions: There's no exact spot price mentioned, but buy tickets when the price reaches the level close to the EMA25 or when RSI moves above the oversold level (around 30) for a confirmation.
2. Entering Short Positions:
a. Short entry price: Wait for the price to break below the EMA7 (currently at 0.1133519724731) for a confirmed downtrend signal.
b. Best spot sell price for short positions: As with the long positions, buy tickets when the price approaches the EMA7 or when RSI dips below the overbought level (around 70) for a confirmation.
Additionally, I suggest keeping an eye on the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators, as they usually provide late warnings or confirmation before significant price moves:
- Look for a crossover of the MACD signal line (usually corresponds with the 9-day EMA) and the MACD line (commonly calculated using a 12-day EMA and 26-day EMA). When the faster line (MACD) crosses above the slower line (signal), it can signal a bullish trend.
- When RSI crosses above or below the oversold/overbought levels, it usually indicates an uptrend or downtrend, respectively.
Remember to check the current readings of these indicators, too. However, always refer to a comprehensive news/market update before making any trading decisions to ensure stability and confidence in your strategy.