Price: 0.1219 | EMA7: 0.12 | EMA25: 0.13 | RSI14: 44.3 | Resistance: 0.1732 | Support: 0.1078 | Average Volume: 10274973.38 | Volume Trend: Decreasing
Based on the 1D chart analysis, here's my technical view:
The bearish trend is evident with the price trading below both EMA7 and EMA25. The RSI14 is neutral, not yet indicating an oversold condition. The MACD is bearish, supporting the downtrend.
The best short entry price would be around 0.1249 (EMA7) with a stop-loss at 0.127 (just above EMA25).
For long-term investors, a spot buy price could be around 0.115 (near the 23.6% Fibonacci retracement level from the last high to the current low), with a stop-loss at 0.1078 (support).
Keep in mind that the decreasing volume trend may indicate a lack of conviction in the current trend, so it's essential to monitor volume and adjust your strategy accordingly.