Price: 0.8199 | EMA7: 0.87 | EMA25: 0.93 | RSI14: 38.64 | Resistance: 1.628 | Support: 0.2314 | Average Volume: 21125914.92 | Volume Trend: Decreasing
For LDOUSDT on a 1-day chart:
- The current price is 0.8199, below both EMA7 (0.8719) and EMA25 (0.9331), indicating a downtrend.
- RSI14 is at 38.64, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend.
- The nearest resistance is at 1.628, while support is at 0.2314.
**Advice:**
1. **Long Entry:** Consider entering long when the price shows a strong reversal signal above EMA7 (around 0.8719) with increasing volume, targeting a break above EMA25 (0.9331). A safer entry could be after a clear bounce off the support level or a significant uptrend confirmation. A potential long entry price could be around 0.85 if it starts to show upward momentum.
2. **Short Entry:** Since the trend is down, consider shorting around the EMA7 (0.8719) or EMA25 (0.9331) if the price bounces to these levels and shows resistance. A more aggressive short entry could be considered now, with a stop loss above EMA25.
3. **Spot Buy:** For a spot buy, consider waiting for a stronger reversal signal, such as the RSI moving out of oversold territory (RSI < 30) or a clear break above EMA7 and EMA25 with volume confirmation. A reasonable spot buy could be around 0.75 - 0.80 if it stabilizes and starts to show a reversal.
Keep an eye on the volume trend; an increase in volume with a price reversal could strengthen the case for a long entry.