Price: 0.001478 | EMA7: 0 | EMA25: 0 | RSI14: 38.11 | Resistance: 0.00164 | Support: 0.001434 | Average Volume: 71175642.44 | Volume Trend: Increasing
Based on the 1h analysis of MEMEUSDT:
- The price is below EMA7 and EMA25, indicating a downtrend.
- RSI14 is below 40, suggesting the asset is potentially oversold, which could lead to a bounce.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around the support level of 0.001434. A stop-loss below this level is recommended.
- **Short Entry:** Consider shorting at the resistance level of 0.00164 or upon a confirmed break below EMA7 (currently at 0.001493). A stop-loss above the resistance is advised.
- **Spot Buy:** The best spot buy price could be around 0.001434, considering it's a strong support level. However, wait for a confirmation of a bounce or a bullish reversal pattern.
Keep an eye on the increasing volume trend, as it may validate the direction of the breakout or breakdown.