Price: 0.725 | EMA7: 0.73 | EMA25: 0.74 | RSI14: 47.68 | Resistance: 0.877 | Support: 0.55 | Average Volume: 674544.79 | Volume Trend: Decreasing
Based on the 1D chart analysis:
MTLUSDT is in a bearish trend, with a downside momentum. EMA7 and EMA25 are both above the current price, indicating a short-term downtrend. RSI14 is neutral, not oversold, and MACD is also bearish.
Best Long Entry: Wait for a break above EMA25 (0.737) with a retest, targeting 0.877 (Resistance). Stop-loss at 0.7.
Best Short Entry: Sell below EMA7 (0.726) with a target at 0.65 (Mid-term Support). Stop-loss at 0.75.
Spot Buy Price: None recommended at this time, as the trend is bearish. Wait for a bullish reversal signal or a strong bounce from a key support level.
Keep an eye on Volume Trend, which is decreasing, indicating a lack of buying interest. Be cautious and manage risk accordingly.