Price: 0.01099 | EMA7: 0.01 | EMA25: 0.02 | RSI14: 32.03 | Resistance: 0.08 | Support: 0.00985 | Average Volume: 777738078.25 | Volume Trend: Decreasing
Based on the 1-week technical analysis of GUSDT, here's my assessment:
The price is currently trading below the EMA7 and EMA25, indicating a bearish trend. The RSI is at 32, indicating the asset is oversold. The MACD is also bearish, further supporting the downtrend.
Considering the decreasing volume trend, it's less likely to see a significant bounce. A long entry could be considered around the recent low of 0.00985, with a target at the 0.012189443540458 level (EMA7). However, please be cautious of the potential for further downward movement.
For a short entry, consider prices around 0.012189443540458 (EMA7) as a resistance level, with a target at the 0.00985 level (Support).
As for spot buys, I would advise waiting until the price tests the 0.012189443540458 level (EMA7) and potentially breaks through it, indicating a potential reversal. However, please keep in mind that this is a counter-trend buy, and the risk is higher.
Please note that technical analysis is for informational purposes only and should not be considered investment advice.