Price: 4.52 | EMA7: 4.69 | EMA25: 4.81 | RSI14: 27.2 | Resistance: 5.226 | Support: 4.475 | Average Volume: 16484.39 | Volume Trend: Increasing
Based on the technical analysis provided, here's my response:
1. Best Long/Short Entry Prices:
- For a long position (buying): Wait for a crossover of the EMA7 (4.6861550945159) and RSI14 increased above 50, indicating a bullish trend. Then consider purchasing SSVUSDT when the price reaches and holds above EMA25 (4.8055847098022).
- For a short position (selling): WAIT for a crossover of the EMA25 (4.8055847098022) and RSI14 dropping below 50, suggesting a bearish trend. Position should be triggered when the price crosses below EMA7 (4.6861550945159), marking a weakness in the market.
2. Best Spot Buy Price:
A proper spot buy would occur when we see a pullback at support level (4.475), with the price forming a bullish setup and engulfing candle pattern on a bearish market sentiment, represented by a move below the 1h EMA7. A clean break higher upon retesting this support level could entice most sellers to exit, allowing buyers to enter a buy position.
PLEASE NOTE: These are guidelines to help you make decisions, but trading performance depends on individual assessment, risk management strategies, and endurance to withstand market volatility. Always consult with a financial advisor or conduct further research before initiating any trade.