Price: 0.1581 | EMA7: 0.18 | EMA25: 0.22 | RSI14: 36.07 | Resistance: 0.6999 | Support: 0.0703 | Average Volume: 286309926.27 | Volume Trend: Decreasing
Based on the 1-week chart of COOKIEUSDT, here's my analysis and recommendations:
**Trend Analysis:** The trend is bearish, with the price declining and the RSI14 indicating oversold levels. MACD is also in bearish territory.
**Entry Strategies:**
* Long/Short Entry Prices: Consider entering a short position around the current price of 0.1581, targeting the resistance level at 0.6999. This would require a significant price increase, but the current trend is bearish.
**Spot Buy Recommendation:** I would not recommend buying at the current price due to the bearish trend and oversold RSI14. If you do decide to buy, wait for a pullback to the support level at 0.0703, around 0.15. This would be a higher-risk, higher-reward entry point.
**Additional Notes:** The decreasing volume trend suggests a lack of buying interest, which may indicate that the price could continue to decline. Keep an eye on the RSI14 and MACD for potential bullish divergence, which could signal a buying opportunity.