Price: 0.2148 | EMA7: 0.22 | EMA25: 0.22 | RSI14: 43.5 | Resistance: 0.2354 | Support: 0.1799 | Average Volume: 1275684.77 | Volume Trend: Decreasing
Based on the provided technical analysis of CETUSUSDT at 1h, I would give the following brief analysis and advice:
- The EMA7 is above EMA25, indicating a bearish crossover, suggesting a potential downtrend.
- RSI14 is at 43.500, indicating a neutral market, but may be trending downwards.
- MACD is below 0, indicating a bearish signal.
- The current price is above support at 0.1799 but seems to be trending downwards due to the decreasing volume trend, and moving closer to the resistance at 0.2354.
- Given these indicators and considering the long-term bearish trend, I would advise against entering a long position and recommend a buy on dip strategy.
- However, if a short position is to be taken, I would consider entry prices around 0.205-0.22, depending on stop-losses and risk management.
- As for a spot buy, considering support and resistance, the best spot buy price would be around 0.15.