Price: 0.767 | EMA7: 0.78 | EMA25: 0.8 | RSI14: 28.82 | Resistance: 0.941 | Support: 0.752 | Average Volume: 342043.97 | Volume Trend: Decreasing
Based on the 1h technical analysis of DEGOUSDT:
* Current trend is bearish as price is below both EMA7 and EMA25.
* RSI14 is oversold, indicating potential reversal.
* MACD is negative, confirming bearish momentum.
Best Long entry price: around 0.80-0.81 (wait for a bounce off support or a confirmed reversal signal).
Best Short entry price: around 0.85-0.88 (if price bounces off current levels and heads towards resistance).
Best spot buy price: around 0.75 (near support level).
Monitor volume and wait for a confirmation of trend reversal before entering a long position. Set stop-loss accordingly.