Price: 0.449 | EMA7: 0.52 | EMA25: 0.8 | RSI14: 25.43 | Resistance: 8 | Support: 0.07 | Average Volume: 37432445.5 | Volume Trend: Increasing
For MEUSDT at 1w:
- The current price is 0.449, below EMA7 (0.522) and EMA25 (0.800), indicating a downtrend.
- RSI14 is 25.43, suggesting the asset is oversold, potentially due for a bounce.
- MACD is negative, reinforcing the downtrend.
**Advice:**
- **Long Entry:** Consider entering long around 0.35-0.40 if the price stabilizes and shows signs of reversal, with a stop loss below 0.30.
- **Short Entry:** Consider shorting around 0.55-0.60 if the price bounces off the current levels and hits resistance, with a stop loss above 0.65.
- **Spot Buy:** The best spot buy price could be around 0.30-0.35, considering the oversold condition and potential for a bounce. Monitor for reversal patterns.
Keep an eye on the increasing volume, which could indicate a potential breakout or significant move in the direction of the trend.