Price: 0.07447 | EMA7: 0.07 | EMA25: 0.08 | RSI14: 45.73 | Resistance: 0.3712 | Support: 0.0442 | Average Volume: 119769317.3 | Volume Trend: Decreasing
Based on the technical analysis, CHESSUSDT is at 0.07447. The current trend seems to be slightly bearish, as evident from:
- Decreasing volume trend
- EMA7 below EMA25, indicating a downtrend
- RSI14 at 45.73, a neutral zone indicating neither overbought nor oversold
- MACD indicator also indicates a bearish sentiment.
Considering a long position, a better entry would be a pullback towards the support level, potentially around 0.065-.
If considering a spot buy, it might be better to wait for a bounce near the current price or support levels, as current resistance levels seem far away.