Price: 0.001336 | EMA7: 0 | EMA25: 0 | RSI14: 32.8 | Resistance: 0.001423 | Support: 0.001324 | Average Volume: 48604222.09 | Volume Trend: Increasing
Based on the 1h technical analysis of 1000CHEEMSUSDT:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 32.797828348261, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.001324 (support level) with a stop loss below it.
- **Short Entry:** If the price bounces off the current level and reaches 0.001351 (EMA7) or better hits 0.001423 (resistance), it could be a good short entry with a stop loss above 0.001423.
- **Spot Buy:** The best spot buy price could be around 0.001324, considering it's a strong support level and RSI indicating oversold conditions.
Keep an eye on the increasing volume, as it may validate the direction of the breakout or breakdown.