Price: 2.4242 | EMA7: 2.5 | EMA25: 2.57 | RSI14: 26.07 | Resistance: 2.8852 | Support: 2.3702 | Average Volume: 1789382.86 | Volume Trend: Increasing
Based on the provided technical analysis for SUIUSDT over the 1-hour time frame, here is an interpretation of the data, advising on entry points:
1. Consider going Long when the price crosses above the EMA25 (current resistance level at 2.8852) and confirms with RSI (Relative Strength Index) and MACD (moving average convergence divergence) indicators turning positive.
2. Enter the Short position when the price crosses below the EMA7 (current support level at 2.3702) while confirming with RSI, MACD, and a bearish signal on these indicators.
For a spot buy (going Long directly without initializing a Short position), aim to enter the trade when the price has broken above the current support level (2.3702) and continues rising. Ensure confirming the uptrend with RSI, MACD, and price action indicators.
Additionally, consider diversifying your trading strategy by considering order types, stop-loss placements, and position sizing suitable to your risk tolerance.