Price: 124.9 | EMA7: 127.24 | EMA25: 129.79 | RSI14: 30.1 | Resistance: 148.1 | Support: 123.7 | Average Volume: 71.23 | Volume Trend: Decreasing
Based on the 1h technical analysis of BIFIUSDT:
1. **Bearish Trend**: The price is trading below the EMA25, indicating a bearish trend.
2. **Overbought Indicator**: The RSI14 (30.096789874449) is below the midpoint, indicating an oversold market.
3. **Sell Signal**: The MACD (-1.644121942707) is also in the negative zone, indicating a potential sell signal.
4. **Support and Resistance**: The current price (124.9) is close to the support level (123.7), and the resistance level (148.1) is a significant target.
5. **Trading Advice**: A long/short entry at this time might be better avoided, but if you do decide to enter:
- **Short Sell**: Target: 120.0; Stop-Loss: 130.0; Take-Profit: 118.0
- **Best Entry**: 123.9 (short) or 125.1 (long), depending on market conditions.
In terms of spot buy, it is recommended to wait for the price to recover towards the EMA7 or EMA25 and reach a more stable level, ideally at a support area (around 126-128 level) before entering.