Price: 0.0989 | EMA7: 0.1 | EMA25: 0.11 | RSI14: 39.86 | Resistance: 0.1843 | Support: 0.0753 | Average Volume: 3188533.19 | Volume Trend: Decreasing
Based on the provided technical analysis for POWR/USDT, here's my interpretation along with advice on entry points:
1. Daily Chart Overview:
- Price: 0.0989
- 7-Day EMA: 0.1015
- 25-Day EMA: 0.1084
- RSI (14): 39.86
- MACD: -0.0057
2. Resistance and Support Levels:
- Resistance: 0.1843
- Support: 0.0753
3. Average Volume: 318,853.19 tokens per day (Decreasing trend)
Now, I will provide advice on entry points:
Short Position:
- Based on the analysis, there might be a potential bounce on the support level of 0.0753.
- A good entry price for a short position could be around the support zone or slightly higher to give room for price retracement.
Long Position:
- Awaiting a breakdown of the current support level at 0.0753 before considering a long position.
- A suitable entry point for a long position may occur after a clear break below 0.0753, possibly near the nearest resistance level at 0.09.
Please note that these entry points are not definite guarantees but can aid in decision-making. Always practice risk management and consider moving stops accordingly to protect your investments.