Price: 0.0501 | EMA7: 0.06 | EMA25: 0.16 | RSI14: 12.59 | Resistance: 1.477 | Support: 0.03 | Average Volume: 612808886.67 | Volume Trend: Decreasing
Based on the technical analysis of BIOUSDT at 1 week:
- The price (0.0501) is below both EMA7 (0.058046689662443) and EMA25 (0.16183550945465), indicating a downtrend.
- RSI14 (12.587719972015) is oversold, suggesting a potential reversal.
- MACD (-0.095769267073554) is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.03 (support level) if it reaches there, with a stop loss below it.
- **Short Entry:** Avoid shorting now as RSI is oversold; wait for a bounce back to EMA7 or EMA25.
- **Spot Buy:** Best spot buy price could be around 0.03 if it hits that level, with a stop loss below.
Keep in mind that technical analysis is not foolproof, and fundamental analysis and market sentiment should also be considered. Manage your risk accordingly.