Price: 2.803 | EMA7: 2.8 | EMA25: 2.86 | RSI14: 30.78 | Resistance: 3.016 | Support: 2.76 | Average Volume: 62197.4 | Volume Trend: Decreasing
Based on the provided technical analysis for DOTUSDT, here is a summary of key levels to consider and some advice on entry strategies:
1. Best Long Entry Price: Wait for a pullback towards Support levels such as 2.76 before considering a long entry. Make sure to verify the stability of the Support area before entering a long position.
2. Best Short Entry Price: Keep an eye on the price approaching Resistance levels like 3.016. Wait for a breakout confirmation and a pullback towards EMA levels (either EMA7 or EMA25) before considering a short entry.
3. Spot Buy Price Advice: Given the current low RSI (30.784168579308) and decreasing Volume Trend, consider spot buying DOTUSDT when the price consolidates and forms a base around the Support levels mentioned previously. Make sure the MACD (0.0390631758259) indicates a bullish crossover.
4. Considering Entry Strategies: Use technical indicators like Moving Averages, Relative Strength Index (RSI), and Simple Moving Average Convergence Divergence (MACD) to define entry points.
Remember to always practice risk management and consider using stop-loss orders to limit potential losses. Additionally, it's crucial to reinvest profits periodically for long-term success.