Price: 12.355 | EMA7: 14.69 | EMA25: 11.38 | RSI14: 54.21 | Resistance: 25.1 | Support: 2.215 | Average Volume: 7352600.73 | Volume Trend: Decreasing
Based on the 1-week technical analysis, here's my analysis:
- Price: $12.355 is above EMA7 ($14.686) and EMA25 ($11.379), indicating a bullish short-term trend. However, EMA25 is above EMA7, suggesting a bearish long-term trend.
- RSI14: 54.207 is neutral, not indicating overbought or oversold conditions.
- MACD: 2.698 is positive, indicating a bullish trend.
- Volume Trend: Decreasing, which may indicate a lack of buying power and a potential downtrend.
- Resistance: $25.1 is significantly higher than the current price.
- Support: $2.215 is below the current price.
Given this analysis, I would advise:
- **Long Entry:** Wait for a pullback to EMA25 ($11.379) or even lower to around $11.00 for a potential long entry. This would allow for a higher potential profit in case of a trend reversal.
- **Short Entry:** Consider shorting around the current price ($12.355) or even higher to around $13.00 if you believe the trend will continue downwards.
- **Spot Buy:** Based on technical analysis alone, it's difficult to identify a clear spot buy price, but you could consider buying around $11.00 or even lower, depending on your risk tolerance and investment goals. However, keep in mind that OGUSDT's support at $2.215 is close to the spot buy price, which indicates a high risk of price movement downwards.