Price: 0.2796 | EMA7: 0.34 | EMA25: 0.43 | RSI14: 32 | Resistance: 0.977 | Support: 0.2411 | Average Volume: 170261967.61 | Volume Trend: Decreasing
Based on the technical analysis of NILUSDT at 1w:
- The price is below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is around 32, suggesting the asset is oversold, potentially nearing a reversal.
- MACD is negative, supporting the downtrend.
For Long position: Consider entry around 0.2411 (support level) if it holds, with a stop loss below it.
For Short position: Entry could be considered near 0.3375 (EMA7) or 0.4298 (EMA25) if the price rallies to these levels, with a stop loss above the nearest EMA.
For Spot Buy: A good entry could be around 0.2411, with a stop loss below this level to manage risk.
Keep in mind, these are based on the given data and market conditions can change rapidly. Always use proper risk management.