Price: 0.0881 | EMA7: 0.09 | EMA25: 0.09 | RSI14: 36.1 | Resistance: 0.0977 | Support: 0.0874 | Average Volume: 231779.44 | Volume Trend: Decreasing
Based on the technical analysis of BICOUSDT at 1h:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 36.10, suggesting the asset is approaching oversold territory, potentially nearing a reversal.
- MACD is negative, supporting the bearish trend.
**Advice:**
- **Long Entry:** Consider entering long around 0.0874 (support level) with a stop-loss below it. A safer entry would be after a clear reversal signal (e.g., RSI moving out of oversold territory, bullish MACD crossover).
- **Short Entry:** If the price bounces off the current levels and heads towards the resistance at 0.0977, consider shorting around that level with a stop-loss above it.
- **Spot Buy:** The best spot buy price would be around 0.0874, with a stop-loss below this level to limit potential losses.
Keep an eye on the volume trend; a decreasing volume might indicate a weakening trend, and a surge in volume with a price reversal could validate the move.