Price: 4.69 | EMA7: 5.44 | EMA25: 6.06 | RSI14: 38.55 | Resistance: 18.44 | Support: 2.75 | Average Volume: 2723436.77 | Volume Trend: Decreasing
Based on the technical analysis provided for XVSUSDT, here's my advice:
1. Long (Buy) Entry Prices: Decision to go long should be made when the price crosses the EMA25 (above 6.0565534950574) and above the resistance level of 18.44. A potential entry point could be around the EMA25 level when it shows signs of convergence or close to a support level, like 5.8 and 5.5, to improve your chances of success.
2. Short (Sell) Entry Prices: If you plan to go short, wait for a breakdown below the support level of 2.75. Alternatively, selling could be triggered if the price breaks down the EMA7 (around 5.4402896102272), still looking for the closest area of support to place your sell order.
3. Best Spot Buy Price: Based on the decreasing volume trend, a spot buy price close to the historical support of 2.75 would be a wise option. Wait for a bounce back from this level if volume picks up, suggesting demand strengthening at that point. Alternatively, if volume remains low, aim slightly below the support to minimize potential losses and average the price.
4. Best Spot Sell Price (for shorts): If planning to go short, wait for the EMA7 breakdown or track the EMA crossover (EMA7 over EMA25) for a short setup signal. Alternatively, you can look to sell when the price breaks the support at 2.75 and volume begins to increase.
Remember, these prices are indicative, but please conduct your own research and make informed decisions while considering the current market conditions and news impacting XVSUSDT. Always manage your risk and stop-loss levels accordingly, following proper risk management strategies.