Price: 23.98 | EMA7: 22.56 | EMA25: 26.2 | RSI14: 45.97 | Resistance: 71.64 | Support: 17.81 | Average Volume: 746386.91 | Volume Trend: Decreasing
Based on the given analysis, here's the advice on the best Long/Short entry prices and the best spot buy price for Dash (DASH) against the US dollar Ticker (DASHUSDT):
1. Short Entry Price (Market/Stop-Loss): With the current price at 23.98, a short entry can be considered when a sustained dip below the 17.81 support level occurs. Set a stop-loss above 18.5 to minimize potential losses.
2. Long Entry Price: Wait for DASHUSDT to cross above the 26.19 (EMA25) and EMA7 levels for a buy signal. You can set your spot buy price when these averages intersect positively. For example, if the price reaches this area, purchase near the EMA25 level (26.19) as the risk and potential reward are more favorable.
3. Spot Buy Price: Follow the above mentioned long entry strategy, but due to the decreasing volume observed, you can slightly adjust your purchase price slightly higher. For example, purchase DASHUSDT close to the 22.86 (EMA7 crossed above the EMA25).
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