Price: 1.051 | EMA7: 1.01 | EMA25: 1.12 | RSI14: 45.99 | Resistance: 3.859 | Support: 0.822 | Average Volume: 7449833.43 | Volume Trend: Increasing
Based on the given technical analysis of JUVUSDT, I can provide the following observations:
1. The price is currently at 1.051, which is above the EMA7 (1.013421574925) but still below the EMA25 (1.119800732116). This indicates a potential short-term downtrend.
2. The RSI (45.990661792838) is below 50, which suggests a slight bearish sentiment.
3. The MACD (-0.10164454783732) is slightly negative, indicating a bearish momentum.
4. The Resistance (3.859) is very high compared to the current price, and the Support (0.822) is slightly above the current price, indicating a potential range-bound movement.
Given these observations, I would advise the following trading strategies:
**Long/Short Entry Price:**
- Short entry: 1.03 (price is expected to break the EMA7 support)
- Long entry: 1.15 (price is expected to touch the EMA25 resistance, and a potential bounce)
**Best Spot Buy Price:**
- If you decide to go long, a better entry price would be 1.02, where the price is likely to encounter strong buying support from previous price action. However, keep in mind that this is a high-risk strategy, and consider your risk management before entering the market.
Keep in mind that this is a technical analysis, and it's essential to combine it with fundamental analysis and risk management before making any trading decisions.