Price: 3.792 | EMA7: 3.96 | EMA25: 4.24 | RSI14: 45.07 | Resistance: 11.889 | Support: 3.007 | Average Volume: 49638741.43 | Volume Trend: Increasing
Based on the technical analysis of DOTUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is below 50, confirming bearish momentum.
- MACD is negative, supporting the bearish view.
For Long position: Consider entry around 3.007 (support level) or wait for a bullish reversal.
For Short position: Entry could be considered around 3.955 (EMA7) or 4.235 (EMA25) if the price rallies to these levels.
Best spot buy price: Around 3.007 (support level), with a stop loss below this level.
Disclaimer: Technical analysis is subjective and should be used in conjunction with other forms of analysis. Always manage your risk.