Price: 0.08429 | EMA7: 0.08 | EMA25: 0.09 | RSI14: 41.19 | Resistance: 0.10899 | Support: 0.07979 | Average Volume: 20449160.3 | Volume Trend: Decreasing
Based on the provided 1-hour (1H) chart of SAHARAUSDT, I can offer some insights for entering trades and determining suitable buy prices:
1. Long Entry:
Wait for a bullish signal, such as a crossover of the 7-period Exponential Moving Average (EMA7) over the 25-period EMA (EMA25). Additionally, ensure that the Relative Strength Index (RSI14) is not overbought, and the MACD histogram is positive.
Price Level: A potential long entry could be observed when the price reaches around or below the EMA25, considering recent trading history. Recommend waiting for a support level to be effectively tested or broken before entering a long position.
2. Short Entry:
Look for a bearish signal, such as a crossover of the 7-period EMA25 below the 25-period EMA7. Additionally, ensure that the RSI14 is not oversold, and the MACD histogram is negative.
Price Level: A potential short entry could be observed when the price reaches around or above the EMA7, considering recent trading history. Aim to exit the short position once the price breaks above the short-term resistance level mentioned.
3. Spot Buy Recommendation:
Given the current price at 0.08429, consider the entry conditions mentioned above for both short and long positions before deciding on a spot buy. Once satisfied with the trading signals and levels, buy SAHARAUSDT at the current price or slightly above the support levels, enabling ample room for potential price fluctuations.
Based on the present state and trend of SAHARAUSDT, consider waiting for a clearer picture before entering any position. Monitor indicators like EMA7, EMA25, RSI14, MACD, and key support/resistance levels before determining optimal entry points for long or short positions. Always balance analysis with risk management, including stop-loss orders if you decide to trade SAHARAUSDT.