Price: 1.05 | EMA7: 0.98 | EMA25: 1.03 | RSI14: 50.1 | Resistance: 4.038 | Support: 0.611 | Average Volume: 95941584.34 | Volume Trend: Decreasing
Based on the 1-week chart, here's my analysis:
The price is hovering around the EMA25, indicating a potential bounce or consolidation. The RSI is at 50, suggesting a neutral state. The MACD is bearish, but its momentum is decreasing.
For a Long/Short strategy:
* Best Long entry: 0.98082676691362 (EMA7) to 1.0299289706626 (EMA25) to ride the bounce.
* Best Short entry: Wait for a clear break below the EMA7 (0.98082676691362) for a potential decline.
For a Spot Buy strategy:
* Best spot buy price: 0.950-0.970 (targeting the EMA7 support) to buy and hold for a potential bounce.
Please note that these are general recommendations and not specific buy/sell advice. It's essential to consider other factors, such as fundamentals, market conditions, and risk management strategies, before making a trading decision.