Price: 4.81 | EMA7: 4.97 | EMA25: 5.2 | RSI14: 41.11 | Resistance: 6.32 | Support: 4.313 | Average Volume: 2019233.92 | Volume Trend: Decreasing
For ICPUSDT at 1d, here's a brief analysis:
- The price (4.81) is below both EMA7 (4.97) and EMA25 (5.20), indicating a downtrend.
- RSI14 is at 41.11, suggesting the asset is approaching oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend signal.
**Advice**:
- **Long Entry**: Consider entering long around the support level of 4.313, with a stop loss below this level. A cautious entry could be around 4.5, if the price bounces back from the current level.
- **Short Entry**: If the price bounces back to EMA7 (around 4.97) or EMA25 (around 5.20), it could be a good short entry point, with a stop loss above EMA25. Alternatively, wait for a break above resistance at 6.32 for a potential trend reversal.
- **Spot Buy**: The best spot buy price would be around 4.313 (support level), or if there's a clear reversal pattern forming, slightly above it.
Keep an eye on the volume trend; a decrease in selling volume could indicate a potential reversal. However, be cautious as the overall trend is down.