Price: 0.0184 | EMA7: 0.02 | EMA25: 0.02 | RSI14: 26.7 | Resistance: 0.02235 | Support: 0.01806 | Average Volume: 3739951.74 | Volume Trend: Decreasing
Based on the technical analysis of MUBARAKUSDT at 1h:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 26.70, suggesting the asset is oversold, potentially due for a bounce.
- MACD is negative, reinforcing the downtrend.
- The current price is near the support level of 0.01806.
**Advice:**
- **Long Entry:** Consider a long position around 0.0180 - 0.0181, with a stop-loss below 0.0178. The first target could be 0.0195.
- **Short Entry:** Consider a short position if the price bounces off the current level and reaches 0.0190 - 0.0192, with a stop-loss above 0.0195. Target could be 0.0180 or lower.
- **Spot Buy:** The best spot buy price could be around 0.0180, considering the oversold condition and proximity to the support level.
Keep an eye on the volume trend and be cautious of potential false bounces in a downtrend. Adjust positions according to your risk tolerance.