Price: 0.1679 | EMA7: 0.17 | EMA25: 0.17 | RSI14: 50.01 | Resistance: 0.1936 | Support: 0.1592 | Average Volume: 601960.15 | Volume Trend: Decreasing
Based on the presented technical analysis, here is the advice:
1. Long/Short Entry Suggestions:
- If considering going long (buying OSMOUSDT), wait for the price to cross above the 4-hour EMA25 (support level at 0.1592) and establish a bullish crossover between EMA7 and EMA25. Once these conditions are met, enter the market and aim for the nearest resistance level around 0.1936.
- If considering going short (selling OSMOUSDT), wait for the price to break below the support level of EMA25 (0.1592) and observe a bearish crossover between EMA7 and EMA25. Enter the market after these conditions are fulfilled, targeting the nearby support level at 0.1679.
2. Spot Buy Price Suggestions:
To minimize risks, consider a buy entry around the above-mentioned support level at 0.1592 for conservative investors. For more aggressive traders, look for consolidation patterns or pullbacks near the first resistance level at 0.1679.
Remember to set appropriate stop-loss orders to protect your investments and continuously monitor the market conditions before making any trading decisions.