Price: 0.0346 | EMA7: 0.04 | EMA25: 0.04 | RSI14: 33.47 | Resistance: 0.103 | Support: 0.0117 | Average Volume: 51214869.24 | Volume Trend: Decreasing
Based on the technical analysis of BMTUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 33.473297218293, suggesting the asset is nearing oversold territory, potentially a good long entry.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering a long position around 0.030-0.028 if the price continues to decline and RSI indicates oversold conditions.
- **Short Entry:** A short position could be considered if the price bounces off resistance levels or fails to break through them; a potential short entry is around 0.038-0.040 with a stop loss above 0.043.
- **Spot Buy:** The best spot buy price would be around 0.028-0.025, where the asset is more likely to be oversold and poised for a potential reversal.
Keep an eye on the volume trend and be cautious as the decreasing volume could indicate a lack of conviction among buyers or sellers.