Price: 0.272 | EMA7: 0.37 | EMA25: 0.73 | RSI14: 20.98 | Resistance: 2.0561 | Support: 0.2 | Average Volume: 264450168.99 | Volume Trend: Decreasing
Based on the 1-week chart analysis of ERAUSDT:
* The RSI (20.98) indicates oversold conditions, suggesting a potential reversal.
* The MACD (-0.24) is bearish, but the gap between the signal lines is narrowing.
* The EMA7 (0.374) and EMA25 (0.731) are far above the current price (0.272), indicating a strong downtrend.
Advice:
* Long entry: 0.22-0.25 (near the support level)
* Short entry: 0.35-0.40 (near the EMA7)
* Spot buy: 0.25 (near the support level, with a tight stop-loss)
Monitor the price action and adjust the strategy according to the market's response to the support and resistance levels.