Price: 0.04971 | EMA7: 0.05 | EMA25: 0.05 | RSI14: 34.37 | Resistance: 0.05475 | Support: 0.04908 | Average Volume: 1171784.55 | Volume Trend: Decreasing
Based on the technical analysis of BIGTIMEUSDT at 1h:
- The price is below EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 34.37, suggesting the asset is approaching oversold territory, potentially nearing a bounce.
- MACD is negative, confirming the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.04908 (support level) if there's a clear sign of reversal. A good entry could be slightly above this level, around 0.0492-0.0495, with a stop loss below 0.04908.
- **Short Entry:** If the price bounces off the current levels and heads towards the resistance at 0.05475, consider shorting around this level with a stop loss slightly above 0.05475.
- **Spot Buy:** The best spot buy price could be around 0.0485-0.0490, considering the current support and potential for a bounce. However, wait for a clear reversal signal.
Keep in mind that technical analysis is not foolproof, and market conditions can change rapidly. Always manage your risk.