Price: 0.04001 | EMA7: 0.04 | EMA25: 0.05 | RSI14: 33.87 | Resistance: 0.084 | Support: 0.00522 | Average Volume: 17538648.92 | Volume Trend: Decreasing
Based on the 1-day technical analysis of CHESSUSDT, the current price is 0.04001. Here's a summary:
- The short-term EMA7 (0.04265836046) is above the current price, indicating a potential short sell signal near this EMA level (long/short entry price).
- The mid-term EMA25 (0.04739891571) is also above the current price, reinforcing the short sell signal.
- The RSI14 (33.87) is below 50, indicating a short-term downtrend and potential for further declines.
- The MACD is negative, further indicating a short sell signal.
- The decreasing volume trend suggests a lack of buying pressure.
- The price is above the support level of 0.00522 but below the resistance level of 0.084.
Advised entry price for long/short position: Buy below EMA7 (0.04265836046) or sell near current price (0.04001).
Advised best spot buy price: Keep an eye on the support level of 0.00522 for potential long entry. If it holds, wait for the price to approach this level or use the EMA7 as a reference for long entry.