Price: 0.0747 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 51.64 | Resistance: 0.0984 | Support: 0.0562 | Average Volume: 30339804.38 | Volume Trend: Decreasing
Based on the 1-day technical analysis of CHESSUSDT:
**Shorting:**
Since the RSI is around 51, the coin is not overbought, but the MACD is close to zero, indicating a potential bearish reversal. With a decreasing volume trend, a short entry could be considered around 0.078, near the EMA7 line, breaking through the EMA25 would confirm a short entry.
Long/Short exit can be at 0.0705, breaking through the EMA25. Set stop loss near 0.0825.
**Buying:**
Given the decreasing volume trend, buying might not be recommended at this time. However, if you choose to buy, a potential entry could be at 0.0665, near the support level of 0.0562. Monitor the volume trend, and be prepared to exit at 0.0745, around the EMA7 line.
**Spot Buys:**
Avoid buying at the current price (0.0747) due to the potential bearish reversal and decreasing volume. Wait for a pullback or a potential bounce at the support level (0.0562). A spot buy at 0.0665, as mentioned earlier, might be a better option.
Keep in mind that technical analysis is subjective and depends on market conditions.