Price: 0.01024 | EMA7: 0.01 | EMA25: 0.02 | RSI14: 26.81 | Resistance: 0.09297 | Support: 1.0E-6 | Average Volume: 932123029.78 | Volume Trend: Increasing
Based on the given technical analysis of IOTXUSDT at a 1-week timeframe:
- **Trend**: The asset is in a downtrend due to its price being below the EMA7 and EMA25 lines.
- **Buy Signal**: Long position can be considered after the price breaks above the RSI14 (27) and holds above it, ideally near the EMA25 line (around 0.020) for an optimal entry price. This would be a Long/Short entry price with a risk-reward ratio of around 1:1.5.
- **Best Long/Short Entry Price**: 0.018 (just above the EMA25 and below the resistance level of 0.09297)
- **Spot Buy Price**: It is essential to wait for a confirmed buying signal (like a break above the EMA25 and the RSI14). For now, the spot buy price can be set around the support level of 1.0E-6, but only if the trend becomes upward.
- **Risk Level**: Be cautious as the current MACD shows a bearish trend and the asset is oversold with an RSI of 26.812535355918.