Price: 0.2438 | EMA7: 0.24 | EMA25: 0.24 | RSI14: 52.77 | Resistance: 0.34 | Support: 0.2072 | Average Volume: 4640207.61 | Volume Trend: Decreasing
Based on the 1-hour chart analysis of PARTIUSDT, here's the technical analysis:
- Current price: 0.2438
- EMA7 is above EMA25, indicating a short-term bullish trend.
- RSI14 is around 53, indicating neutral market conditions.
- MACD is slightly positive but weakening, signaling a loss of momentum.
- Volume trend is decreasing, indicating a decrease in market interest.
Recommendation:
- Long/Short entry: Consider entering a long position when the price breaks above the EMA7 (0.2443) with a proper risk management. A good entry price would be around 0.245-0.246. For a short position, enter when the price breaks below the EMA25 (0.2421), aiming for 0.242-0.241.
- Spot buy: Consider buying the asset when it re-tests the support (0.2072) and shows signs of a possible bounce. Be cautious of the lower volumes.
Please note that this analysis should not be considered as investment advice and involves certain level of risk. It's essential to conduct thorough research and consider your personal risk tolerance before making any investment decisions.