Price: 0.0896 | EMA7: 0.09 | EMA25: 0.11 | RSI14: 43.51 | Resistance: 0.494 | Support: 0.0663 | Average Volume: 510062815.11 | Volume Trend: Decreasing
Based on the technical analysis of GRTUSDT at 1w:
- The price (0.0896) is below both EMA7 (0.0948) and EMA25 (0.1063), indicating a downtrend.
- RSI14 at 43.51 suggests the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend.
For Long position: Consider entry around 0.0663 (support level) if it reaches there, as it might bounce back.
For Short position: Entry could be considered around 0.0948 (EMA7) or 0.1063 (EMA25) if the price rallies to these levels, as they act as resistance.
Best spot buy price: Around 0.0663, as it is the support level.
Keep in mind, technical analysis is not foolproof, and fundamental analysis, along with risk management, should also be considered.