Price: 0.468 | EMA7: 0.52 | EMA25: 0.66 | RSI14: 33.65 | Resistance: 3.88 | Support: 0.274 | Average Volume: 13943771.81 | Volume Trend: Decreasing
Based on the provided 1-week technical analysis of MTLUSDT:
- The price is currently at 0.468, which is above the EMA7 (517) but below EMA25 (655). This indicates a downtrend in the short term but a potential long-term buy signal.
- The RSI14 of 33.65 is in the oversold region, potentially suggesting a short-term buy opportunity.
- The MACD shows a negative reading (-0.094580), indicating a short-term downtrend.
- Considering the decreasing volume trend and the overall downtrend, it's recommended to wait for a potential rebound for a long entry.
- A potential Long entry: If the price breaks above EMA25 (655), a buy signal can be considered, but for a more conservative Long entry, monitor the price action at EMA7 (517) break with volume increase.
- Best Long entry price: Above EMA25 (655) around the price of 0.60-0.65 for a more substantial move, but keep in mind this is a higher-risk entry.
- Best spot buy price: Around the previous support level of the price (0.35-0.40) if there's a significant rebound and volume increase, but this is considered a higher-risk buy compared to breaking EMA25 and EMA7.