Price: 12.29 | EMA7: 13.18 | EMA25: 14.93 | RSI14: 46.32 | Resistance: 68.31 | Support: 3.46 | Average Volume: 4638348.3 | Volume Trend: Decreasing
Based on the provided 1-week technical analysis of AUCTIONUSDT:
1. **Trend**: Neutral to bearish. The EMA25 is above EMA7, but with a gap between, indicating weak upward momentum.
2. **Oversold signal**: However, the RSI (46) does not confirm as an oversold condition.
3. **Sell signal**: The MACD (-0.88) is below zero, confirming a bearish momentum.
4. **Volume Trend**: Decreasing, which suggests a lack of buying interest.
**Recommendations:**
- **Long/Short Entry**: Consider a short position with a stop loss slightly above the current price (12.29) to minimize potential losses in case the price bounces.
- **Best Entry Price**: Look for a buy signal or price closure below 11.50 to open a short position safer entry, or use a 7 EMA - 50 EMA crossover signal with confidence if formed.
- **Best Spot Buy Price**: Conserve dry powder to look for improvement in the volume trend or other bullish technical indicators (like a golden cross (long-term higher EMA over short-term EMA) before entering a long position.
Risk management should be your top priority as the bearish momentum is present but weak.