Price: 0.2692 | EMA7: 0.28 | EMA25: 0.31 | RSI14: 36.51 | Resistance: 0.86 | Support: 0.2678 | Average Volume: 63919723.71 | Volume Trend: Decreasing
Based on the 1-day chart of NEWTUSDT, I would provide the following technical analysis:
* **Trend:** The EMA25 is above both the EMA7 and the current price, indicating a bearish trend.
* **Overbought/Oversold:** The RSI14 (36.511889623153) is below 50, indicating the asset is oversold but may still be in the process of declining.
* **Moving Average Crossovers:** There is bearish crossover (EMA25 below EMA7).
* **Volume:** Decreasing volume suggests a lack of investor interest or participation.
* **Crossover Indicators:** MACD shows a bearish divergence (MACD line below zero).
Given this information, a **Long-Short entry** strategy might consider the following:
* **Bearish Long-Short entry:** Sell at the current price with a stop-loss near the 0.28 EMA7 level and target the support level at 0.2678.
* **Best Long-Short entry price:** Look for a bearish bounce from the resistance level at 0.28 and sell at 0.274 to 0.276 for maximum short-selling potential.
As for a **spot buy** strategy, this asset appears to have bearish momentum and might not be the best choice for buying. However, if considering long positions, a **spot buy** could be attempted at:
* **Best spot buy price:** Look for a bullish bounce from the current support level at 0.2678, but be cautious due to the overall bearish trend and decreasing volume.