Price: 0.1741 | EMA7: 0.18 | EMA25: 0.18 | RSI14: 45.99 | Resistance: 0.2142 | Support: 0.1363 | Average Volume: 3168819.57 | Volume Trend: Decreasing
Based on the 1-day chart of SCRTUSDT, here's my analysis:
The price is currently approaching the EMA25, which could serve as a potential resistance level. The RSI is around 46, indicating a neutrality in the price action. The MACD is bearish, which suggests that the trend may be down.
As a Long/Short entry, I would look to enter a long position around the level where the price touches EMA7 (0.1776) and provides a bullish bounce off it. This could be a good entry point with a target above the resistance level at 0.2142.
For a spot buy, I would recommend waiting for a pullback to the support level at 0.1363, which could provide a better risk-reward ratio. The decreasing volume trend suggests that the market is in a consolidation phase, increasing the importance of identifying a strong rebound or breakout before entering a long position.
Best Long/Short entry prices: Around EMA7 (0.1776)
Best spot buy price: Targeting a pullback to support level at 0.1363