Price: 0.912 | EMA7: 0.98 | EMA25: 1.11 | RSI14: 32.13 | Resistance: 5.33 | Support: 0.263 | Average Volume: 2870928.79 | Volume Trend: Decreasing
Based on the 1-day technical analysis of CYBERUSDT:
- The price is currently at 0.912, below both EMA7 (0.9813) and EMA25 (1.1146), indicating a downtrend.
- RSI14 is at 32.13, suggesting the asset is approaching oversold territory, which could be a sign of a potential reversal.
- MACD is negative (-0.1094), supporting the bearish trend.
**Long Entry Advice:**
Consider a long entry if the price shows a strong reversal signal, such as a bullish engulfing candle or a break above EMA7 (0.9813). A potential long entry price could be around 1.00, with a stop loss below the recent low.
**Short Entry Advice:**
For a short entry, consider selling around 0.95-1.00 if the downtrend continues or if the price bounces off the EMAs and then declines. A stop loss could be placed above the recent high or EMA25.
**Spot Buy Price:**
A good spot buy price could be around 0.80-0.85, considering the current downtrend and the RSI nearing oversold. However, it's crucial to wait for a clear reversal signal.
Keep in mind that technical analysis is not foolproof and should be used in conjunction with other forms of analysis. Always manage your risk with appropriate stop-loss orders.