Price: 0.2415 | EMA7: 0.26 | EMA25: 0.3 | RSI14: 27.97 | Resistance: 0.7256 | Support: 0.0855 | Average Volume: 3832235.3 | Volume Trend: Decreasing
For LAYERUSDT at 1d:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 27.97, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.20 - 0.22, where there's potential support and a possible reversal due to oversold conditions. Set a stop loss below 0.18.
- **Short Entry:** If the price bounces but fails at EMA7 or EMA25, consider shorting around 0.26 - 0.28 with a stop loss above 0.30.
- **Spot Buy:** A good spot buy price could be around 0.20, considering the oversold condition and potential for a bounce.
Keep an eye on the volume; a decreasing volume trend during a downtrend could indicate a potential reversal when volume starts to pick up.