Price: 0.01103 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 29.39 | Resistance: 0.01235 | Support: 0.01046 | Average Volume: 5658819.22 | Volume Trend: Increasing
Based on the provided technical analysis for IOTX/USDT at a 1-hour chart, here are my insights:
1. Best Long entry price: Look for confirmation of potential bullish signs when the price touches or goes above the EMA25 (currently at 0.011610326475867).
2. Best Short entry price: Await selling opportunities when the price goes below the Support level (0.01046). Alternatively, watch for bearish signs on indicators (like RSI or MACD) signaling oversold conditions.
3. Spot buy price: If you prefer to buy IOTX at a specific level and avoid relying on technical indicators, consider buying the asset when the price gets close to the Support level (0.01046) since it represents a potential floor for the asset in case of short-term corrections. Alternatively, wait for gains above the Resistance level (0.01235) before considering buying.
Additionally, keep in mind these points:
1. Volume Trend: The chart seems to be indicating an increasing volume, which supports potential bullish momentum.
2. Use multiple indicators: Consider combining multiple technical analysis tools, like EMA, RSI, MACD, and support/resistance levels, to ensure accurate and informed trading decisions.
Please consult with a financial professional or conduct thorough research before making any investment decisions.