Price: 2.993 | EMA7: 3.05 | EMA25: 3.12 | RSI14: 43.42 | Resistance: 4.211 | Support: 2.354 | Average Volume: 8348652.35 | Volume Trend: Decreasing
From the provided data, here's a breakdown of the technical analysis for TONUSDT trading pair on a 1-day chart:
Price: $2.993
EMA7: $3.051
EMA25: $3.121
RSI14: 43.42
MACD: -0.033
Resistance: $4.211
Support: $2.354
Average Volume: $834,865,234.32
Volume Trend: Decreasing
Advice:
1. Long Entry Prices:
- Based on current levels, considering a declining volume trend - A conservative long entry could be around $3.10 region (above the EMA25 and slightly above RSI oversold zone), while a more aggressive entry could be around $2.99 region (where the price crosses above the EMA7).
2. Short Entry Prices:
- A conservative short entry could be around the $3.30 region (above the resistance level), while a more aggressive short entry could be around the $2.99 region (where the price crosses below the EMA7).
3. Spot Buy Price:
- Given the declining volume trend and considering the distance between resistance and the current price as a caution for potential bullish reversal, a spot buy price recommendation would be around $2.90 (Just above the current price and supported by the EMA25). Ensure you ensure the trade fits within your risk tolerance and conduct further research before making any investment decision.