Price: 0.4585 | EMA7: 0.45 | EMA25: 0.45 | RSI14: 52.18 | Resistance: 0.68 | Support: 0.3171 | Average Volume: 51226907.35 | Volume Trend: Decreasing
Based on the technical analysis provided for the SYRUPUSDT coin, here is our advice on the optimal entry points for a Long/Short strategy:
1. Long Entry (Buy): Wait for the price to cross above the EMA25 (support level around 0.3171) before entering the Long position. Once established above the EMA25, set a stop-loss below the support level, aiming for potential profits around the EMA7 level (around 0.44967753493175).
2. Short Entry (Sell): Aim to enter the Short position when the price crosses below the EMA25 (resistance level around 0.68). Place your stop-loss above the EMA25, targeting potential profits near the EMA7 level (around 0.44967753493175).
As for the best spot buy price, we suggest waiting for a pullback or a retracement towards the former support turned resistance level at around 0.44967753493175 before considering buying SYRUPUSDT. However, please note that it is essential to thoroughly analyze the news and fundamentals surrounding the coin for a better-informed decision, as technical analysis by itself might not be enough at times.