Price: 0.1807 | EMA7: 0.23 | EMA25: 0.29 | RSI14: 37.28 | Resistance: 2.21998 | Support: 0.034 | Average Volume: 36423330.65 | Volume Trend: Increasing
Based on the provided technical analysis of PERPUSDT for a one-week period, here is my assessment along with some advice on entry points:
1. Long-Term Entry Prices:
a. EMA7 crossing above the current price indicates a potential support level. You might want to consider entering a long position once the price crosses above both EMA7 (0.1807) and EMA25 (0.23494022536594). This should be taken as a sign that short-term pressure has been alleviated and the trend might be turning bullish.
b. Traders who prefer a stronger signal can wait for the RSI overbought level, which happened on April 10th, 2023, when the RSI14 crossed over 30, pointing upwards, suggesting a buying opportunity.
c. The support level provided in the chart is relatively weak, so I would advise against placing a stop loss below it.
2. Short-Term Entry Prices:
a. The MACD indicates a possible support area at -0.0391. This level could provide a good entry point for short positions considering the current decreasing MACD trend (which points to downward momentum).
3. Spot Buy Price Advice:
Based on the increase in volume trend suggested by the upward volume trend line, one might find a good entry spot for buying around the current price of around 0.1807. However, I recommend considering the points mentioned above related to long and short positions as well, since the higher probability spots for buy or sell entries might be more effective.