Price: 1.1831 | EMA7: 1.19 | EMA25: 1.19 | RSI14: 43.98 | Resistance: 1.2936 | Support: 1.1581 | Average Volume: 714650.55 | Volume Trend: Decreasing
Based on the 1h chart of LDOUSDT:
- The price (1.1831) is below both EMA7 (1.1921) and EMA25 (1.1938), indicating a downtrend.
- RSI14 is at 43.9768, suggesting the asset is not oversold yet, but nearing that territory.
- MACD is negative, reinforcing the downtrend.
For Long position: Consider entry around the support level of 1.1581, with a stop loss below it.
For Short position: Entry could be considered near the current resistance or a pullback towards EMA7/EMA25, around 1.1921-1.1938, with a stop loss above the resistance at 1.2936.
Best spot buy price: Around 1.1581, with a stop loss slightly below this level to limit risk.
Keep an eye on volume; a sudden increase could signal a trend reversal or strengthening of the current trend.