Price: 0.08423 | EMA7: 0.08 | EMA25: 0.08 | RSI14: 50.23 | Resistance: 0.08795 | Support: 0.08143 | Average Volume: 3758187.51 | Volume Trend: Decreasing
Based on the provided 15-minute chart for SAHARAUSDT, here's a brief analysis of key indicators:
Price: 0.08423
EMA7: 0.084273419734158
EMA25: 0.084196915278298
RSI14: 50.227580522075
MACD: 4.5587716803033E-5
Resistance: 0.08795
Support: 0.08143
Average Volume: 3758187.51
Volume Trend: Decreasing
Considering the indicators mentioned, the overall view seems to be slightly bearish with a mild uptrend. These key points can help you evaluate the potential for a Long or Short entry into the market:
1. Best Short entry price: Since the MACD is low and slightly positive, wait for a clear downward crossover on the MACD indicator and cross below the zero line before entering a Short trade around the current price of 0.08423. Place your stop-loss above the recent swing high.
2. Best Long entry price: A bullish crossover of MACD's signal line above its centerline can be a good indication for a Long trade entry at this time. However, ensure the RSI is above the 50 level to avoid entering in a oversold zone. Recommended Long entry price: Await a MACD crossover above the zero line and open a Long trade at around 0.08423 or when the price has retraced down to Support level of 0.08143 (or slightly below).
As for the suggested Spot Buy price, while the MACD has positive indication, RSI is at 49, near the neutral zone. In order to minimize risk, it is advisable to wait for the RSI to cross above 50 before considering a spot buy. Wait for a confirmed uptrend with improved long-term indicators before entering your buy order. Best buy price: Wait for RSI14 crossing above 50 and Spot Buy at around 0.08143 or slightly below based on the Support level.
Remember that trading involves risk, so make sure to conduct your own analysis, diversify your portfolio, and stick to a disciplined trading plan. Consider consulting financial advisors or conducting further research before making any investment decisions.