Price: 6.48 | EMA7: 6.6 | EMA25: 6.9 | RSI14: 44.6 | Resistance: 8.87 | Support: 4.49 | Average Volume: 940834.7 | Volume Trend: Decreasing
Based on the 1-day chart of ARUSDT, here is my technical analysis and trading advice:
**Trend:** Bearish, as the price is below both the EMAs and the MACD is negative.
**Resistance:** Strong resistance at 8.87, which may limit upward movement.
**Support:** Strong support at 4.49, which may provide a buying opportunity.
**Trading Advice:**
* For a Long/Short entry, look for a buy signal when the price breaks above the EMA25 (6.9033) or the RSI14 crosses above 50. Set your stop-loss below the previous support level (around 5.50) and target the resistance level at 8.87.
* For a spot buy, look for a buying opportunity when the price bounces off the support level at 4.49. Set your stop-loss below the support level (around 3.50) and target the short-term resistance level around 5.80.
Please note that this is a technical analysis, and it's essential to consider fundamental analysis and market conditions before making any trading decisions.