Price: 0.08278 | EMA7: 0.08 | EMA25: 0.07 | RSI14: 59.52 | Resistance: 0.11 | Support: 0.04928 | Average Volume: 60847796.56 | Volume Trend: Decreasing
Based on the 1-day technical analysis of COTIUSDT, here are my observations and recommendations:
* The price is testing the SMA25 (0.074511524273309) and is close to the support level of 0.04928. This could be a good opportunity to go long.
* The RSI14 is at 59.521718009711, indicating that the price is neither overbought nor oversold.
* The MACD is positive, but the histogram is narrowing, suggesting a potential divergence.
* The volume is decreasing, which may be a concern for short-term traders.
My advice would be to:
* Wait for the price to break above the EMA7 (0.077825246582571) or the SMA25 (0.074511524273309) to go long.
* A good long entry price could be around 0.08, as it's a possible area of support and the price may bounce off it.
* The target price for a long trade could be around 0.11, the resistance level.
If you're looking to go short, I would recommend waiting for the price to break below the support level of 0.04928. A good short entry price could be around 0.045, as it's a possible area of resistance.
As for spot buying, I would recommend waiting for a pullback to the SMA25 (0.074511524273309) or the support level of 0.04928, and then buying at the spot price around 0.056, which is a potential area of support.