Price: 17.97 | EMA7: 19.28 | EMA25: 20.77 | RSI14: 27.01 | Resistance: 26.06 | Support: 17.73 | Average Volume: 73766.77 | Volume Trend: Decreasing
Based on the 1-day technical analysis of DASHUSDT, here are my insights:
* The price is trading below the EMAs, indicating a bearish trend.
* The RSI is in the oversold range, which may suggest a potential bounce.
* The MACD is dropping, which supports the bearish trend.
* The Resistance is at 26.06, and the Support is at 17.73.
Recommendations:
* For a Long/Short entry, consider buying when the price breaks above the EMA7 (around 20-21) and selling when it breaks below the Support (around 17.5-18).
* For a spot buy, prioritize the price level around 20-21, as it may act as a turning point. Be cautious, as the decreasing volume trend and bearish momentum may continue.
Remember to set stop-losses and take-profits accordingly and adjust your strategy as the market evolves.