Price: 0.729 | EMA7: 0.76 | EMA25: 1.04 | RSI14: 36.58 | Resistance: 15.35 | Support: 0.251 | Average Volume: 7110289.65 | Volume Trend: Decreasing
Based on the 1-day chart of ALPINEUSDT, the current price is 0.729. Here are my observations:
- The EMA25 is declining, indicating a bearish trend.
- The EMA7 has formed a bearish crossover with EMA25, reinforcing the bearish trend.
- RSI14 is at 36.58, indicating a potentially oversold condition.
- MACD is negative, further supporting the bearish trend.
- The price is below both EMA7 and EMA25, suggesting a downtrend.
- Volume is decreasing, which is a bearish sign.
**Long/Short Entry Prices:**
- Short entry: Consider selling at prices above 0.75, where the EMA25 resistance is expected to be breached.
- Long entry: Consider buying at prices below 0.65, where the RSI14 may have made a bottom, and the EMA7 may have created a bullish divergence.
**Spot Buy Price:**
- Based on the chart, the spot buy price could be considered at 0.65, as mentioned earlier. However, be cautious of the overall bearish trend and consider the risks. It's essential to set a stop-loss and consider other technical and fundamental factors before making a trading decision.