Price: 0.00534 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 38.21 | Resistance: 0.044369 | Support: 0.00425 | Average Volume: 5218134755.88 | Volume Trend: Decreasing
Analyzing BEAMXUSDT based on the 1-week timeframe:
- The current price is below the EMA7 and EMA25, indicating bearish momentum.
- RSI14 is around 38, suggesting a potential rebound from oversold conditions.
- MACD is negative, indicating a bearish trend.
- Volume trend is decreasing, which may lead to a prolonged bearish period.
- Current price is still above the support level of 0.00425.
Advice:
- For a Long entry: Wait for the price to bounce off the support level of 0.00425. Consider entering when the price breaks and closes above the EMA7 (0.0059557355802664).
- Long entry price: Target 0.0068 (30% rise), considering the price movement in the past.
- For a Short entry: Wait for the price to test the resistance level of 0.044369. Consider entering when the price breaks and closes below the EMA25 (0.0092611858905928).
- Short entry price: Target 0.0022 (60% drop), considering the price movement in the past.
- Spot buy: Caution is advised due to the decreasing volume trend and bearish indicators. If you must buy, consider a spot buy near the support level of 0.00425, targeting a 30% rise.