Price: 0.653 | EMA7: 0.63 | EMA25: 1.29 | RSI14: 34.91 | Resistance: 17.25 | Support: 0.3571 | Average Volume: 21315269.36 | Volume Trend: Decreasing
Based on the 1-week technical analysis of ACEUSDT, here are my observations and recommendations:
** trading advice **
Bullish trend is still dominating, but the price is showing signs of weakness. I would recommend a Long entry with a stop-loss below $0.630 (EMA7) and take-profit at $0.735 (around 13% gain). This entry is also supported by the RSI14 at 34.9, indicating a slight oversold condition.
** Best Long/Short entry prices **
* Long entry: $0.630 (EMA7)
* Short entry: $0.450 (above Support level)
** Best spot buy price **
Based on the current Trend and Average Volume, a spot buy price around $0.675 would be a good entry, as the price seems to be finding support around this level. Additionally, this entry is close to the EMA25, which could provide an early warning of a potential reversal.
Please note that this analysis is based on a single indicator, and you should always use multiple indicators and risk management strategies when making trading decisions.