Price: 197.4 | EMA7: 182.9 | EMA25: 195.5 | RSI14: 49.73 | Resistance: 538.1 | Support: 128.3 | Average Volume: 16207.41 | Volume Trend: Increasing
Based on the 1-week technical analysis of BIFIUSDT, here are my findings:
**Recommendation:** Long-Short strategy with a focus on trend reversal.
**Long Entry:**
* Look for a buy opportunity above the EMA25 (195.4993) to re-enter the uptrend.
* Ideal long entry price: around 205-210, as it has historically been a support zone.
* Take-profit target: around 250-260, reaching the next significant resistance level.
**Short Entry:**
* Identify a sell opportunity below the EMA7 (182.8956) to short the market.
* Ideal short entry price: around 170-175, as it has historically been a resistance zone.
* Take-profit target: around 120-130, reaching the next significant support level.
**Spot Buy:**
* If you want to enter a long position, consider buying around 225-230, as it's a logical resistance zone that could act as a support level.
* This entry price is relatively close to the EMA25, providing a good risk-reward ratio.
Please note that this analysis is based on historical data and should not be considered investment advice. It's essential to maintain a sound risk management strategy and monitor the market closely for potential adjustments to your trades.