Price: 0.0421 | EMA7: 0.04 | EMA25: 0.05 | RSI14: 40.18 | Resistance: 0.0712 | Support: 0.0364 | Average Volume: 113194242.45 | Volume Trend: Decreasing
Based on the technical analysis of GMTUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 40, suggesting the asset is not oversold yet, but getting closer.
- MACD is negative, reinforcing the downtrend.
For Long position, a good entry could be around the support level of 0.0364, with a stop loss below it.
For Short position, consider entry around 0.045-0.048, nearing EMA25, or better at resistance 0.0712 if it reaches there.
Best spot buy price: around 0.0364, as it is the current support level.
Keep an eye on volume; a sudden increase might signal a reversal. Also, monitor the RSI for oversold conditions (<30) for a potential long entry.