Price: 7.797 | EMA7: 8.15 | EMA25: 9.5 | RSI14: 26.23 | Resistance: 19.498 | Support: 7.551 | Average Volume: 281038.68 | Volume Trend: Decreasing
Based on the 1D chart, here's my technical analysis:
**Bearish Trend**: The price is below both EMA7 and EMA25, indicating a bearish trend. The RSI14 is in the oversold zone, suggesting a possible bounce. However, the MACD is still in the negative territory, supporting the bearish trend.
**Entry Prices:**
* **Short**: Consider shorting at 8.10 (near EMA7) with a stop-loss at 8.30. Target 7.55 (near support level).
* **Long**: Wait for a bounce to 8.30, then consider going long with a stop-loss at 7.90. Target 8.80 (near previous resistance).
**Spot Buy Price:** 7.90 (if the price bounces off the support level).
**Note:** Be cautious of the decreasing volume trend, which may indicate a lack of interest in the asset. Set proper risk management and monitor the trade closely.