Price: 2.073 | EMA7: 2.58 | EMA25: 3.07 | RSI14: 39.82 | Resistance: 8.152 | Support: 0.499 | Average Volume: 7432740.15 | Volume Trend: Decreasing
Based on the 1-week technical analysis of CVXUSDT:
- **Bullish/Bearish Sentiment**: Neutral, but leaning bullish due to the declining RSI14 (39.8) and MACD (-0.214), indicating decreased bearish momentum. The EMA7 is above EMA25, showing a short-term up trend.
- **Entry Prices**: For a Long position, consider entering at the 50% Fibonacci retracement level (not provided) or when price breaks above the resistance (8.152). For a Short position, consider entering at the overbought level (not provided) or when price breaks below the support (0.499). However, the current price and support level are quite far, so a stop-loss might be challenging.
- **Best Spot Buy Price**: Consider purchasing CVXUSDT near the support level (0.499) with a stop-loss below the significant support and a take-profit above the 50% Fibonacci retracement level. Alternatively, purchase near the 1-week EMA25 (3.0723) with a stop-loss below the 7-day EMA (2.5755) and a take-profit above the resistance (8.152).
Note: These are general suggestions based on technical analysis. It's essential to consider other factors, such as fundamental analysis, market news, and position sizing before making a trade. Also, remember to adjust your trading strategy according to your risk tolerance and market conditions.