Price: 0.2303 | EMA7: 0.23 | EMA25: 0.23 | RSI14: 51.72 | Resistance: 0.306 | Support: 0.2055 | Average Volume: 18478211.25 | Volume Trend: Decreasing
Based on the provided technical analysis, below are recommendations for Long/Short entry prices and the best spot buy price for PNUTUSDT:
1. Best Short Entry Price: Utilize the simple moving average (SMA) crossover method. If the short term EMA (e.g., EMA50) crosses below the long term EMA (e.g., EMA200), consider going short. In this scenario, the target price to go short is not provided, so I recommend keeping a close eye on the market trends and considering entry when the conditions are met.
2. Best Long Entry Price: Wait for the SMA crossover method, as mentioned earlier, indicating a bullish trend. A bullish candlestick pattern confirmation can enhance the signal's reliability. Additionally, consider the support level mentioned as a healthy area for entry.
3. Best Spot Buy Price: Given the current resistance of 0.306 and the decreasing volume trend, it may not be the best timing to enter a long position. However, if looking for a short-term trade, you can consider buying at the support level mentioned, which is 0.2055. Consider confirming the signal with some technical indicators like Relative Strength Index (RSI) or moving averages.
Remember, these are general recommendations; it's essential to consider individual risk tolerance, trading style, and other market factors when deciding specific entry and exit points.