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📊 Analysis: FORMUSDT (1d)

Price: 2.9597 | EMA7: 2.85 | EMA25: 2.73 | RSI14: 63.95 | Resistance: 3.0733 | Support: 1.689 | Average Volume: 3435640.48 | Volume Trend: Decreasing

🤖 AI Insight

Based on the 1-day chart analysis of FORMUSDT:

**Long Entry:** Consider buying around 2.85 (EMA7) with a stop-loss at 2.73 (EMA25). This is because the price is close to the short-term EMA7, and a bounce from here could push the price towards the resistance level of 3.0733.

**Short Entry:** Avoid short-selling for now, as the MACD indicator is still in the positive zone and the RSI14 is above 50, indicating a slight bullish bias.

**Spot Buy:** If you want to buy at the current price, consider 2.9597 as the spot buy price. However, be cautious of the decreasing volume trend, which might indicate a lack of buying interest.

Keep an eye on the RSI14 and MACD indicators for any potential divergence or reversal signals.