Price: 0.001512 | EMA7: 0 | EMA25: 0 | RSI14: 38.74 | Resistance: 0.001678 | Support: 0.001443 | Average Volume: 74453979.65 | Volume Trend: Decreasing
Based on the technical analysis of MEMEUSDT at 1h:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is below 40, suggesting the asset might be oversold, potentially nearing a reversal.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long at around 0.001443 (support level) or if there's a clear bullish reversal pattern, potentially at a break above EMA7 (0.001515) with confirmation.
- **Short Entry:** Could be considered at resistance (0.001678) or if the price bounces off the current level and fails to break EMA7 or EMA25.
- **Spot Buy:** Best spot buy price could be around 0.001443, considering it's a strong support level. However, wait for a clear sign of reversal (e.g., bullish engulfing candle, RSI divergence).
Keep an eye on the volume trend and overall market sentiment for more informed decisions.