Price: 0.0524 | EMA7: 0.07 | EMA25: 0.1 | RSI14: 29.23 | Resistance: 0.473 | Support: 0.0161 | Average Volume: 225041984.47 | Volume Trend: Decreasing
Based on the 1-week technical analysis of CGPTUSDT:
1. The price of 0.0524 is below EMA25 (0.0951476), indicating a bearish trend.
2. EMA7 (0.0667) is also below the price, suggesting a short-term bearish momentum.
3. The RSI14 (29.23) is below 50, indicating that CGPTUSDT is in a bearish phase.
4. The MACD is negative (-0.0222), supporting the bearish trend.
5. Considering the decreasing volume trend, traders should be cautious.
Best Long entry price: None, due to the bearish trend and indicators.
Best Short entry price: 0.06-0.07 (price might rebound from EMA7 or EMA25).
Best spot buy price: None, due to the bearish trend. Wait for the price to break above resistance (0.473) or show strong buying signals.
Recommendation: Avoid buying for now, and focus on short positions or waiting for a rebound.