Price: 1.884 | EMA7: 1.91 | EMA25: 2 | RSI14: 42.21 | Resistance: 3.489 | Support: 1.219 | Average Volume: 1696984.15 | Volume Trend: Decreasing
Based on the provided technical indicators, I suggest as follows:
Advice for buying QTUM/USDT:
1. Best spot buy price: Wait for QTUM/USDT to take a dip below the support level of 1.219, aiming for a strong buy signal when the price stabilizes near or slightly below it.
2. Trailing Stop Loss (TSL) to be triggered once the price reaches its EMA25 (2.0001079202796) and maintains a lower position.
Advice for Long entry:
1. Best Long entry price: Wait for a breakout above the resistance level of 3.489, following a consolidation phase within a clear uptrend trend as determined by EMA25 and EMA7 crossing favorably.
2. Trailing Stop Loss (TSL) to be triggered once the price stays above the EMA7 (1.9135683896141) with the support of a positive RSI (RSI14) reading.
Please consult a financial advisor before making any investment decisions.