Price: 0.223 | EMA7: 0.23 | EMA25: 0.24 | RSI14: 41.53 | Resistance: 0.386 | Support: 0.194 | Average Volume: 1898736.72 | Volume Trend: Decreasing
Based on the 1D chart of GTCUSDT, here's my analysis:
As the price is trading below both the EMA7 and EMA25, it indicates a bearish trend. The RSI14 is relatively low (41.53), which suggests the asset may be oversold.
For a Long/Short entry, consider the following levels:
* Long entry: Buy at 0.223 with a stop-loss at 0.20 and a take-profit at 0.232 to 0.236.
* Short entry: Sell at 0.23 with a stop-loss at 0.24 and a take-profit at 0.216 to 0.212.
As for the best spot buy price, I would advise waiting for a pullback to the support level around 0.194, or a break above the EMA25 at 0.23871194478028. This could be a better entry point for a long position.
Keep in mind that the volume trend is decreasing, which may indicate a lack of buying pressure, so this trade may not be as reliable as one with increasing volume. Always use proper risk management and adjust your positions according to market conditions.