Price: 2.848 | EMA7: 2.69 | EMA25: 2.55 | RSI14: 61.05 | Resistance: 7.924 | Support: 1.388 | Average Volume: 7815147.81 | Volume Trend: Decreasing
Based on the 1-day technical analysis of RAYUSDT, here are some observations and recommendations:
1. The price is trading above the EMA7 (2.693) and EMA25 (2.550), indicating a bullish trend.
2. The RSI14 is at 61, which is not overbought.
3. The MACD is bullish with a rising histogram.
4. The price is approaching the resistance level at 2.924 (not shown).
As for entry points:
* Long/Short entry price: Consider buying at 2.744 (50% Fibonacci level) for a potential upside or selling at 2.742 (28% Fibonacci level) for a potential downside.
* Best spot buy price: If you're looking to buy, a better spot might be around 2.778 (64% Fibonacci level) as it's a strong support level and the price has been rejected multiple times around this area.
Keep in mind that these are just technical observations and not investment advice. It's crucial to consider other factors, such as fundamental analysis, market news, and risk management, before making any trading decisions.