Price: 0.1077 | EMA7: 0.11 | EMA25: 0.13 | RSI14: 44.15 | Resistance: 0.9862 | Support: 0.0768 | Average Volume: 79502840.85 | Volume Trend: Increasing
Based on the 1-week chart, BICOUSDT appears to be in a downtrend. However, there are signs of a potential reversal.
The RSI is oversold (44.15), indicating that the price may be due for a bounce. The MACD is also bearish, but the gap between the MACD line and the signal line is decreasing, suggesting a potential crossover.
The best long entry price could be around 0.084 (just above support), with a target of 0.12-0.128 (near the EMA25 and resistance). This would allow for a decent risk-reward ratio and potential upside.
As for the spot buy price, I'd recommend waiting for a clearer bullish signal, such as a golden cross (EMA7-EMA25 crossover) or a breakout above the resistance level of 0.9862. In the meantime, the price is still in a downtrend, and buying at the current level could result in a potential retest of support.
If you must buy, the spot buy price could be around 0.09-0.095, but this is high-risk and not recommended.