Price: 0.1258 | EMA7: 0.13 | EMA25: 0.14 | RSI14: 41.91 | Resistance: 0.3685 | Support: 0.1202 | Average Volume: 29613649.75 | Volume Trend: Decreasing
Based on the 1-day technical analysis of COOKIEUSDT, here are my observations and recommendations:
* The asset is in a downtrend, with the price below the EMA25 and decreasing volume trend, indicating selling pressure.
* The RSI is oversold, suggesting a potential reversal is imminent.
* The MACD is bearish, but the signals are weak and may not provide a strong indication of a trend change.
* The resistance level is at 0.3685, and the support level is at 0.1202.
* As the asset is oversold, I recommend a Long entry at 0.1202, as this is the support level and a potential bounce may occur.
* For a Short entry, I recommend waiting for a clear break above the EMA7 (0.1297) to confirm the continuation of the downtrend.
For Spot Buying, I recommend waiting for a pullback to the support level (0.1202) or slightly below, as this would provide a more attractive entry point. However, if you expect a bounce, you may consider entering at 0.1297, considering the EMA7 as a reference point.