Price: 0.00719 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 49.68 | Resistance: 0.00865 | Support: 0.00558 | Average Volume: 75259153.89 | Volume Trend: Decreasing
Based on the technical analysis provided, it appears QIUSDT is currently experiencing a decreasing volume trend. The current price is below the 7-day EMA and the 25-day EMA, suggesting some medium-term negative momentum. The RSI is around the neutral zone, indicating indecision in the market. MACD shows some minimal positive movement.
Advice for buying Long Position:
If you are interested in buying QIUSDT for a long position, consider the following entry price points:
1. Wait until the price breaches the support level at 0.00558 and stays above it for a few hours or a day.
2. Alternatively, you may enter the market when MACD crosses above the Signal Line and stays positive for a considerable period.
Advice for buying Short Position:
To enter a short position in QIUSDT, consider the following entry price points:
1. Wait for the price to test the resistance level at 0.00865 and confirms a break below it with a decrease in volume.
2. Alternatively, search for confirmation that the MACD is crossing below the Signal Line while staying below zero line to signal an ongoing bearish trend.
PLEASE NOTE: Before making any trading decisions, please consult with a professional and ensure you understand the risks involved. It is important to thoroughly research the project behind QIUSDT and its future development to make an informed investment decision.