Price: 0.0565 | EMA7: 0.06 | EMA25: 0.06 | RSI14: 33.48 | Resistance: 0.1131 | Support: 0.015 | Average Volume: 5846816.95 | Volume Trend: Decreasing
For CVCUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 33.48, suggesting the asset is approaching oversold territory, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Long Entry:** Consider a long position around 0.045-0.05, a potential support zone, with a stop loss below 0.04.
**Short Entry:** Consider a short position around 0.06-0.065, near the EMAs, with a stop loss above 0.07.
**Spot Buy:** Best spot buy price could be around 0.035-0.04, if the price continues to decline and bounces back from this potential strong support zone.
Monitor volume and wait for confirmation of trend reversal before entering a long position.