Price: 26.23 | EMA7: 26.13 | EMA25: 26.08 | RSI14: 58.12 | Resistance: 28.87 | Support: 25.61 | Average Volume: 2634.01 | Volume Trend: Decreasing
Based on the provided technical analysis for TRBUSDT (Tether on Bitfinex), it seems that the current price of 26.23 is slightly above the EMA7 (26.12740311355) and the EMA25 (26.07775744473). The RSI14 (58.12158210406) is slightly above the neutral area (40), indicating some bullish pressure. The MACD (-0.0026587951832013) is slightly positive but crossing the zero line, indicating mixed sentiment.
Resistance is around 28.87, suggesting that prices are likely to face some resistance above this level. Support is at 25.61, which could be considered a potential entry point for a short position if the price breaks below this level.
The decreasing volume trend might be an indicator that the uptrend could be losing momentum, suggesting that it might be a good time to consider a long position when a break above resistance is confirmed.
To calculate a Long/Short entry price, I recommend monitoring price action closely along with the MACD and RSI oscillators and trading when the MACD signal line crosses above the HMA line or when the RSI moves above the oversold area (below 30). Alternatively, you can enter a Long position if the price breaks and sustains above 28.87 support, accompanied by a bullish signal from the MACD or RSI.
For a Short position, consider entering when the price breaks and sustains below the 25.61 support level along with bearish signals from the MACD or RSI.
Please note that these prices might change dynamically as the market develops. Always ensure you update your analysis and adjust your entry/exit points accordingly. Always ensure that you consider overall market conditions, news events, and risk management strategies when making trading decisions. It's advisable to consult with a professional financial advisor before making any trading decisions.