Price: 0.1452 | EMA7: 0.15 | EMA25: 0.15 | RSI14: 42.37 | Resistance: 0.1523 | Support: 0.145 | Average Volume: 8167.02 | Volume Trend: Decreasing
Based on the provided 15-minute chart analysis, we can observe the following information about POWRUSDT:
Price: 0.1452 (current price)
EMA7: 0.14550558959465 (simple moving average for the last 7 days)
EMA25: 0.14581551195015 (simple moving average for the last 25 days)
RSI14: 42.371182950506 (Relative Strength Index for the last 14 days)
MACD: -0.00027327217532844 (Moving Average Convergence Divergence for the last 12 periods)
Resistance: 0.1523 (the first significant price level to overcome for bullish momentum)
Support: 0.145 (the first significant price level where the price might find support from buyers)
Average Volume: 8167.02 (representing the average trading volume over time)
Volume Trend: Decreasing (signifying that the trading volume overtime is decreasing)
Advice:
1. Long position: We recommend considering a long position when the price breaks above the resistance level of 0.1523 and with a Stop-Loss order located below the support level of 0.145. The best entry price for a long position is determined when we see a clear breakout above the resistance level and stabilization above it.
2. Short position: Consider launching a short position when the price breaks below the support level of 0.145 and with a Stop-Loss order placed above the resistance level of 0.1523. The best entry price for a short position is identified when we witness a clear breakdown below the support level and consolidation below it.
3. Spot buy (long-term investing): Given the decreasing volume trend, we recommend considering a long-term investment in POWR on seeing a stable price above the support level of 0.145 and when a bullish signal (breakout above the resistance) like a rejection bar or a rising momentum indicator is observed.
4. Spot sell (short-term investing): We suggest selling POWR when the price breaks under the support level of 0.145 and a bearish signal like a breakout under the support or a falling momentum indicator occurs. Place the Stop-Loss order above the resistance level of 0.1523.
We suggest monitoring the price movement closely and being aware of potential further price fluctuations before deciding on the entry point based on these recommendations. Always utilize stop-loss orders to minimize potential losses while using technical analysis to guide your investment decisions.