Price: 0.1318 | EMA7: 0.13 | EMA25: 0.13 | RSI14: 43.65 | Resistance: 0.1425 | Support: 0.1257 | Average Volume: 108574.51 | Volume Trend: Decreasing
Based on the provided technical analysis indicators, here is a suggested entry strategy for a long and short position on VICUSDT:
For a Long Position:
1. Ideal Entry Price: Wait until the price breaks above the resistance level of 0.1425 before opening a long trade. Once the breakout occurs and a clear upward trend ensues, consider buying around the moving average levels, such as EMA7 (0.13185823796961).
For a Short Position:
1. Ideal Entry Price: Monitor the price when it breaches below the support level of 0.1257, indicating a potential downtrend. Once a clear downward trend appears, consider selling around the moving average levels, such as EMA25 (0.13304641083875).
Remember that these are suggested entry points, but they should be considered in conjunction with additional analysis and understanding of the overall market conditions. Always practice good risk management when considering trading decisions. Wise investment decisions involve a combination of technical analysis, fundamental analysis, knowledge of the market, and consulting your financial advisor if necessary.