Price: 0.5339 | EMA7: 0.62 | EMA25: 0.86 | RSI14: 46.48 | Resistance: 3.4303 | Support: 0.2 | Average Volume: 128805973.74 | Volume Trend: Decreasing
Based on the technical analysis of LAYERUSDT at 1w:
- The price (0.5339) is below both EMA7 (0.6213) and EMA25 (0.8573), indicating a downtrend.
- RSI14 at 46.4795 suggests the asset is not oversold nor overbought.
- MACD is negative (-0.1508), aligning with the downtrend indication.
- The nearest support is at 0.2, and resistance is at 3.4303.
**Advice:**
- **Long Entry:** Consider entering long around 0.4-0.45 if there's a bullish reversal pattern or significant increase in volume, targeting 3.4303 resistance.
- **Short Entry:** Could be around 0.7-0.8 if the downtrend continues, with a stop loss above EMA25.
- **Spot Buy:** A safer entry might be around 0.2-0.25 if the price reaches the support level, given the strong downtrend.
Keep an eye on volume trend and RSI for potential reversals.