Price: 0.04629 | EMA7: 0.05 | EMA25: 0.07 | RSI14: 28.29 | Resistance: 0.18175 | Support: 0.03 | Average Volume: 892196756.43 | Volume Trend: Decreasing
Based on the 1W chart analysis, here's my technical insight:
**Bearish Bias**: The asset is in a downtrend, with prices below the EMA7 and EMA25, and a decreasing volume trend.
**Short Entry**: Consider shorting around 0.0538 (EMA7) with a stop-loss above 0.0615. Target a minimum of 0.03 (Support) or lower.
**Long Entry**: If you're bullish, look for a breakout above 0.0615 (previous resistance) with a stop-loss below 0.0538. Target 0.0819 (next resistance) or higher.
**Spot Buy Price**: If you're looking to accumulate, consider buying around 0.042 (near the support area) with a stop-loss below 0.038.
RSI is oversold, but MACD is bearish, indicating a potential further downtrend. Keep a close eye on volume and price action to adjust your strategy accordingly.