Price: 0.0796 | EMA7: 0.08 | EMA25: 0.08 | RSI14: 46.48 | Resistance: 0.1678 | Support: 0.0431 | Average Volume: 64520353.51 | Volume Trend: Decreasing
Based on the 1-day chart of HFTUSDT, here's my analysis:
- The price is above the EMA7 (short-term moving average) but below the EMA25 (long-term moving average), indicating a potential short-term bull trend.
- The RSI14 is around 46, which is a neutral value, suggesting the price may be due for a bounce.
- The MACD is negative, indicating a potential bearish trend.
- Volume trend is decreasing, which could be a warning sign for potential reversal.
Considering the above factors, a potential long entry could be around the support level of $0.075 ( slightly below the current price), with a stop-loss around $0.072.
For a short entry, it could be around $0.083 ( slight resistance based on moving average), with a stop-loss around $0.086.
For a spot buy, I would wait for a stronger signal, such as a bounce off the support level or a bullish cross of the moving averages. A spot buy could be around $0.08.
Keep in mind that these are just technical analysis suggestions and may not reflect the underlying fundamental value of the asset. Always consider other factors and your own risk management strategy before making any trades.