Price: 1.239 | EMA7: 1.32 | EMA25: 1.58 | RSI14: 42.78 | Resistance: 6.53 | Support: 0.927 | Average Volume: 28842660.35 | Volume Trend: Decreasing
Based on the technical analysis of MASKUSDT at 1w:
* The price is below both EMA7 and EMA25, indicating a downtrend.
* RSI14 is below 50, confirming the downtrend.
* MACD is negative, further supporting the downtrend.
For Long position:
Entry price could be around 0.927 (Support level) if it bounces back, or wait for a clear reversal signal.
For Short position:
Entry price could be around 1.315 (EMA7) or 1.575 (EMA25) if it rejects at these levels.
Best spot buy price:
Around 0.927 (Support level), with a stop loss below this level.
Keep in mind that this is a high-risk trade, and you should set stop-loss and take-profit levels according to your risk tolerance.