Price: 0.0773 | EMA7: 0.08 | EMA25: 0.08 | RSI14: 23.43 | Resistance: 0.0959 | Support: 0.0764 | Average Volume: 997479.78 | Volume Trend: Increasing
Based on the 1h COOKIEUSDT analysis:
- The price is below EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 23.43, suggesting the asset is oversold, potentially a buying signal.
- MACD is negative, reinforcing the downtrend.
**Long Entry:** Consider a long position around the support level of 0.0764 if it holds, with a stop-loss below it.
**Best Long Entry Price:** 0.0764
**Stop-Loss for Long:** 0.0740 (below support)
**Short Entry:** If the price bounces back to EMA7 or EMA25, consider a short position.
**Best Short Entry Price:** 0.0807 (around EMA7)
**Spot Buy:** Given the oversold RSI, a spot buy could be considered near the current support.
**Best Spot Buy Price:** 0.0764, with a stop-loss below this level.
Keep an eye on volume and the trend; increasing volume with a downtrend could indicate further downward pressure.