Price: 0.4976 | EMA7: 0.5 | EMA25: 0.51 | RSI14: 30.59 | Resistance: 0.5486 | Support: 0.4722 | Average Volume: 369678.29 | Volume Trend: Decreasing
DYDXUSDT is showing bearish signals.
- RSI14 is below 30, indicating oversold conditions, so a spot buy could be considered around 0.4722 (support level) with a stop loss below it.
- For a Long entry, wait for a confirmation of reversal (e.g., RSI crossing above 30, which has almost happened). Best Long entry: around 0.50-0.51 if the price bounces back from current levels.
- Best Short entry could be considered if the price goes up to test the resistance at 0.5486.
- Best spot buy price: around 0.4722.