Price: 0.5332 | EMA7: 0.48 | EMA25: 0.67 | RSI14: 44.57 | Resistance: 1.8476 | Support: 0.03 | Average Volume: 323921320.81 | Volume Trend: Decreasing
Based on the 1-week chart, JUPUSDT appears to be in a downward trend. The short-term EMA7 is pushing below the long-term EMA25, indicating a bearish bias. The RSI14 is in a neutral zone, but the MACD is bearing down, indicating a negative momentum.
For a Long/Short trade:
* Best Long entry price: Above the EMA25 at 0.6650, with a stop loss below the EMA7 at 0.4800.
* Best Short entry price: Below the EMA7 at 0.4800, with a stop loss above the EMA25 at 0.6650.
For a spot buy:
* Best spot buy price: Above the resistance level at 1.8476, but be cautious of a potential reversal at this level.
* Note: The decreasing volume trend may indicate a lack of conviction in the current price action, so consider using a smaller position size.
Please keep in mind that this is a purely technical analysis, and you should always consider other factors such as fundamental analysis and market sentiments before making a trading decision.