Price: 0.3463 | EMA7: 0.32 | EMA25: 0.3 | RSI14: 66.99 | Resistance: 0.4659 | Support: 0.1904 | Average Volume: 13585393.37 | Volume Trend: Decreasing
Based on the 1-day chart of MANAUSDT, here's my analysis:
The recent upward trend has been weakening, with the RSI14 indicating a possible overbought condition (66.99%). The MACD is also converging with the signal line, suggesting a potential reversal.
The EMA7 and EMA25 are bearish, indicating a declining trend. However, the price is ranging between the support at 0.1904 and the previous low around 0.3200.
My advice:
* For a Long/Short entry, consider buying at around 0.3300-0.3340 (where the price is testing the EMA7) or wait for a breakdown below 0.3200 for a Short entry.
* The best spot buy price seems to be around 0.3100-0.3140, as the price has been likely to bounce back from this level in the past. However, this is a lower probability trade due to the weakening trend.
Please keep in mind that this is a technical analysis and doesn't guarantee success. It's essential to set proper risk management and adjust your strategy based on market conditions.