Price: 16.79 | EMA7: 17.17 | EMA25: 18.96 | RSI14: 42.93 | Resistance: 39.97 | Support: 12.7 | Average Volume: 7211320.79 | Volume Trend: Decreasing
Based on the weekly chart, ETCUSDT is in a downtrend. The prices are approaching the support level of 12.7. I would recommend a Long/Short entry at 14.5, as it's relatively far from the support level and has a good range for profit.
For a spot buy, I would advise waiting for a crossover of the EMA7 and EMA25 above the current price, which would indicate a potential bullish trend reversal. This could be around 20-21, watching for a pullback to re-test the resistance levels.
Remember to set a stop loss and limit your positions to manage risk.
Long/Short entry: 14.5
Spot buy: 20-21