Price: 0.1493 | EMA7: 0.15 | EMA25: 0.13 | RSI14: 57.86 | Resistance: 0.234 | Support: 0.0608 | Average Volume: 102017598.98 | Volume Trend: Decreasing
Based on the provided technical analysis for REQUSDT over the past week, here are the insights and recommendations:
1. Long Entry Recommendations:
- Wait for a confirmed crossover of the 7-day Exponential Moving Average (EMA7) above the 25-day Exponential Moving Average (EMA25) to signal a possible bullish trend recovery. A potential entry point can be when the price stabilizes above both EMAs with a lower risk.
- Use a protective stop-loss at break-even to minimize potential losses. Consider adjusting the stop-loss as price moves in your favor.
2. Short Entry Recommendations:
- Look for a relapse below the support level of 0.0608, corresponding to the recent low as depicted in the chart. This marks an opportune entry point where bears could regain a stronger hold on the market.
- Apply a protective stop-loss at breakeven to minimize potential losses and adjust it as price moves against your position.
3. Best Spot Buy Recommendation:
- While waiting for the recommended long entry points, consider monitoring the RSI, MACD, and volume trend to confirm a potential uptrend and assess whether the market is oversold or ready to rebound.
- A spot buy is not recommended here if there is no clear indication of a sustainable uptrend.
Please note that the prices mentioned above are the current market prices at this moment, and conditions may change with the time. Always conduct your own research, stay updated, and ensure that trading decisions align with your risk tolerance and knowledge of the market.