Price: 0.1934 | EMA7: 0.19 | EMA25: 0.18 | RSI14: 79.22 | Resistance: 0.1965 | Support: 0.1615 | Average Volume: 326836.25 | Volume Trend: Decreasing
Based on the provided technical analysis, here is my response:
Long/Short Entry Prices:
Consider going long (buy) POWRUSDT when the price crosses above the 4-hour 25-EMA (0.1797) which is currently above the 7-EMA (0.1891). This implies that the bullish momentum is gaining strength. Conversely, consider going short (sell) POWRUSDT when the price drops below the 4-hour 7-EMA (0.1891), indicating a loss of bullish momentum.
Best Spot Buy Price:
It is difficult for me to provide a specific spot buy price that suits every trader as it depends on individual risk tolerance and trading strategies. However, considering the current levels mentioned in your analysis, it seems challenging for the price to break through the significant levels. To ensure you find the best spot to enter the trade, monitor the 4-hour candlestick chart and buy POWRUSDT when the price appears to be consolidating near support levels (0.1615) and gets a bearish reversal signal, such as a lower low or a bearish engulfing pattern. This would signal a possible low in place and an entry point that minimizes the downside risk while giving you a chance to participate in any potential upside moves.