Price: 0.02182 | EMA7: 0.02 | EMA25: 0.03 | RSI14: 34.75 | Resistance: 0.23 | Support: 0.02074 | Average Volume: 756166823.16 | Volume Trend: Decreasing
Based on the 1-week analysis for ASTRUSDT:
- Current price is at 0.02182, which is above the support level of 0.02074.
- EMA7 (0.024586) is above EMA25 (0.034087), indicating a bearish trend.
- RSI14 (34.75) is below 50, which means ASTRUSDT is oversold.
- MACD is negative, indicating a bearish momentum.
- Volume Trend is decreasing, which may indicate a lack of buying interest.
Recommendations:
- Long position: ASTRUSDT may have a good chance of bouncing back. Consider entering a long position at the support level 0.0213 for a better risk-reward ratio.
- Short position: ASTRUSDT has a bearish trend, but the oversold condition may trigger a bounce. Consider entering a short position around 0.0233 for a potential upward move back to the support level.
- Spot buy price: Due to the bearish trend and oversold condition, it is not recommended to buy ASTRUSDT at the current price 0.02182. Wait for a pullback before buying. A better spot buy price could be around 0.022, considering a risk of 5-7% and a target profit of 10-15%.