Price: 0.2565 | EMA7: 0.29 | EMA25: 0.38 | RSI14: 37.21 | Resistance: 1.815 | Support: 0.2362 | Average Volume: 69815979.08 | Volume Trend: Decreasing
Based on the 1-week chart of CELOUSDT, here's my technical analysis:
The RSI is at 37.21, indicating that the coin is in oversold territory, which could be a good buying opportunity. The MACD is also bearish, but it's close to signaling a potential bullish crossover.
Considering the EMA7 and EMA25, the short-term trend is bearish, but the long-term trend is still uncertain. The price is trading below both EMAs.
Recommended strategy:
**Long entry:** Wait for a bullish MACD crossover or a breakout above the resistance at 0.815 with a stop-loss at 0.2362. Entry price: 0.815.
**Short entry:** Look for a rejection at the resistance level of 0.815 with a stop-loss at 0.815. Entry price: 0.815 (sell).
**Spot buy price:** 0.2565, as the RSI is in oversold territory and the price is close to the support level of 0.2362.
Please note that this is a high-risk trade, and it's essential to set a stop-loss and monitor the trade closely.