Price: 0.00566 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 35.78 | Resistance: 0.04239 | Support: 0.00398 | Average Volume: 1053477659.3 | Volume Trend: Decreasing
In considering this 1-week technical analysis of PONDUSDT, we can extract several key observations and insights:
1. Best Long Entry Price: Take Long positions when the price crosses above the 25-day EMA (0.0080225111463152) and confirms with a higher RSI reading above 50, as well as a positive MACD signal.
2. Best Short Entry Price: Consider entering Short positions when the price breaks below the long-term support level (0.00398) while maintaining a RSI reading below 30 and a negative MACD signal.
3. Target Spot Buy Price: Buy strategically from a support level when in a Short trend (0.00398) or consider buying during potential bullish trends when the price retraces to historical support near the 200-day EMA (0.00445).
Keep in mind that market conditions may change quickly, so always ensure a thorough assessment before entering any trades. It is advisable to monitor news and fundamentals that could impact the price moves as well. Always practice risk management techniques such as setting stop-loss orders to minimize potential losses.