Price: 1.052 | EMA7: 1.05 | EMA25: 1.06 | RSI14: 45.51 | Resistance: 1.123 | Support: 1.037 | Average Volume: 21181.9 | Volume Trend: Decreasing
Based on the provided technical analysis, here is some general advice regarding entry points for both a long and short position, as well as a potential spot buy price:
1. Long position (Buy): Considering the decreasing volume trend, the best entry price might be when the price stabilizes near the Support level of 1.037 Tether (USDT) and volume starts to pick up again. This would be a more optimal entry point to avoid potential sudden price drops due to weak volumes.
2. Short position (Sell): As the MACD (Moving Average Convergence Divergence) indicates a bearish signal, you can consider entering your short position if the price breaks the Resistance level of 1.123 and stays below it for some time, confirming the negative trend.
Additionally, for a spot buy:
Best Spot Buy Price: The price seems to have found support around 1.0505965924932 (EMA7) and 1.0558646549794 (EMA25). When the price consolidates or begins to rise near these levels, you might consider buying into the consolidation to minimize potential risks. However, remember to check the overall market conditions and potential threats to security while making any trading decision.