Price: 0.05558 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 52.18 | Resistance: 0.05634 | Support: 0.05522 | Average Volume: 215472.14 | Volume Trend: Decreasing
Based on the provided 15-minute technical analysis of SKYUSDT, here are the key observations:
- Price: 0.05558
- EMA7: 0.0556048369418
- EMA25: 0.055545456857376
- RSI14: 52.184143743414
- MACD: 2.0590832420141E-5
- Resistance: 0.05634
- Support: 0.05522
- Average Volume: 215472.14
- Volume Trend: Decreasing
This chart shows an upward trend as indicated by the EMA7, EMA25, and RSI14 indicators. MACD's line maintains a small upward trend. Resistance appears to be at 0.05634, while support is at 0.05522. Furthermore, the decreasing volume trend can be a negative signal for the short-term.
Now, let's provide advice on the best Long/Short entry prices:
Best Short Entry (Bearish): Wait for a confirmation that the price drops below the historical support at 0.05522 before placing a short trade.
Best Long Entry (Bullish): Wait for a clear break above the resistance level of 0.05634 to enter a long trade.
As for advice on the best spot buy price (Long), considering the current trend and momentum indicators, there might be an entry point closer to the support level at 0.05522, especially if the volume increases signaling a potential reversal. That would reduce the risk of getting in during a potential false breakout or pullback shortly after the resistance is broken.