Price: 0.0629 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 47.24 | Resistance: 0.085 | Support: 0.0494 | Average Volume: 24102990.9 | Volume Trend: Decreasing
Based on the 1-day chart of AUDIOUSDT, here's my analysis:
* The coin is currently in a downtrend, with a decreasing volume trend.
* The MACD is bearish, indicating a potential continuation of the downtrend.
* The RSI is around 47, which is neutral and suggests that the coin is not oversold.
* The EMA7 and EMA25 are trending downwards, indicating a bearish momentum.
Recommendations:
* For a long/short entry, consider entering a short position around $0.0605 (EMA7 support) or $0.0575 (previous local low). This would allow you to profit from potential further downside movement.
* For a spot buy, I would recommend waiting for a rebound above the moving averages (EMA7 and EMA25) and a sign of increasing momentum, such as a bullish crossover of the MACD or a break above the 20-EMA. A potential entry point could be around $0.0680 (the lower band of the Bollinger Bands) or $0.0700 (the midpoint between the current price and the target resistance of $0.085).