Price: 1.056 | EMA7: 1.07 | EMA25: 1.23 | RSI14: 37.13 | Resistance: 3 | Support: 0.854 | Average Volume: 183519395.79 | Volume Trend: Decreasing
Based on the technical analysis of ASTERUSDT at 1d:
- The current price is 1.056, below both EMA7 (1.066) and significantly below EMA25 (1.230), indicating a downtrend.
- RSI14 is at 37.13, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend signal.
- The nearest support is at 0.854.
**Advice:**
- **Long Entry:** Consider entering a long position around the support level of 0.854 if it reaches there, as it could be a good reversal point. However, wait for a confirmation signal like a bullish engulfing candle or RSI entering oversold territory (below 30) before entering.
- **Short Entry:** If the price bounces back to EMA7 (1.066) or slightly above, it could be a good short entry point with a target of 0.854.
- **Spot Buy:** The best spot buy price would be around 0.854, if the price reaches that level and shows signs of reversal.
Keep an eye on the volume trend; a decreasing volume during a downtrend could indicate a potential reversal when it starts to pick up again on a price move up.