Price: 0.03207 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 65.03 | Resistance: 0.04881 | Support: 0.01804 | Average Volume: 50288866.26 | Volume Trend: Decreasing
Based on the technical analysis of MDTUSDT at 1d:
- The price is above both EMA7 and EMA25, indicating an uptrend.
- RSI14 is at 65.03, suggesting the asset is nearing overbought territory but still has room to move higher.
- MACD is positive, supporting the bullish momentum.
**Long Entry:** Consider entering a long position around 0.0300 or on a pullback to EMA7 (currently at 0.0300) or EMA25 (currently at 0.0286), with a stop loss below 0.0286 or 0.0250 for a more conservative approach.
**Short Entry:** A short position could be considered if the price hits the resistance at 0.04881 and shows signs of reversal, or if RSI14 moves into the overbought zone (above 70). Consider 0.04881 as a potential entry point for a short position, with a stop loss above 0.0500.
**Spot Buy:** The best spot buy price would be around 0.0286 (EMA25), as it represents a stronger support level and a potentially more favorable risk-reward entry.
Keep in mind, decreasing volume trend might indicate a weakening trend. Monitor volume and other indicators for confirmation before making a trade.