Price: 2.788 | EMA7: 2.86 | EMA25: 2.91 | RSI14: 28.9 | Resistance: 3.118 | Support: 2.76 | Average Volume: 270922.8 | Volume Trend: Increasing
Based on the 1h technical analysis of DOTUSDT, here's a brief summary:
The current price of 2.788 is below EMA7 (2.860) and EMA25 (2.913), indicating a downtrend. RSI14 is oversold at 28.899, suggesting a potential reversal. MACD is negative, confirming the downtrend.
**Long Entry:** Consider long entry around 2.76 (support level) with a stop-loss below it. Alternatively, wait for a breakout above EMA7 (2.860) and EMA25 (2.913) for a stronger long signal.
**Short Entry:** Consider short entry around 3.118 (resistance level) with a stop-loss above it.
**Spot Buy:** The best spot buy price would be around 2.76, considering it's a strong support level and RSI is oversold, indicating a potential bounce.
Keep an eye on the increasing volume trend, which may indicate a potential breakout or reversal.