Price: 0.0557 | EMA7: 0.06 | EMA25: 0.07 | RSI14: 31.29 | Resistance: 0.1363 | Support: 0.0215 | Average Volume: 11569223.44 | Volume Trend: Decreasing
Based on the technical analysis of BICOUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 31.29, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, confirming the downtrend.
**Advice:**
- **Long Entry:** Consider entering a long position around 0.045-0.050 if the price stabilizes and shows signs of reversal, with a stop-loss below 0.0215 (support level).
- **Short Entry:** If the downtrend continues, consider shorting around 0.065-0.070 with a stop-loss above 0.075 and a target towards 0.0215.
- **Spot Buy:** A good spot buy price could be around 0.040-0.045, considering the current downtrend and oversold RSI. However, wait for a confirmation of reversal before buying.
Keep an eye on the volume trend and other market conditions before making any trades.