Price: 0.0673 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 47.6 | Resistance: 0.0919 | Support: 0.0472 | Average Volume: 19172922.93 | Volume Trend: Decreasing
Based on the 1-day technical analysis of NFPUSDT, I would advise the following:
Long Entry: Wait for a bullish crossover of EMA7 above EMA25, and then enter a long position when the price breaks above the recent high around 0.0705. This could be a good entry point with a stop-loss below the recent low around 0.0645.
Short Entry: Sell when the price breaks below the recent low around 0.0645, with a stop-loss above 0.0715. Be cautious, as the RSI is relatively oversold and the MACD is already bearish.
Spot Buy: Consider buying when the price retests the support level around 0.0472, but only if the RSI has corrected upwards to around 30-40. This could be a good buy opportunity with a stop-loss below the support.
Please note that these are not direct buy or sell orders, but rather general recommendations based on technical analysis. It's essential to consider other factors, such as risk management, market conditions, and your personal trading strategy before making any decisions.