Price Prediction: #REZ $REZ
- Short-term: The price may experience volatility given the mixed signals from RSI and moving averages. If the RSI remains high (above 70), a pullback might be expected. Conversely, a low RSI (below 30) could indicate a potential upward correction.
- Medium-term: The overall trend seems bearish, as indicated by the negative percentages over 30, 90, and 180 days.
Entry Points:
- Long Position:
- Entry: Consider entering a long position if the price pulls back to around $0.02000 to $0.02100, especially if the RSI is below 30, indicating an oversold condition.
- Target: Aim for a target near the 24h high of $0.02485.
- Stop Loss: Set a stop loss just below the 24h low of $0.01643 to minimize potential losses.
- Short Position:
- Entry: Consider entering a short position if the price approaches the 24h high of $0.02485, especially if the RSI is above 70, indicating an overbought condition.
- Target: Aim for a target near the 24h low of $0.01643.
- Stop Loss: Set a stop loss just above the 24h high to protect against unexpected upward movements.
Risk Management:
- Always use proper risk management techniques, including setting stop-loss orders and not risking more than a small percentage of your trading capital on a single trade.
- Monitor the market closely for any significant changes in volume or price action that could affect your positions.