Price: 1.51 | EMA7: 1.98 | EMA25: 3.9 | RSI14: 32.57 | Resistance: 55.5 | Support: 1 | Average Volume: 5306108.38 | Volume Trend: Decreasing
Based on the technical analysis of OMNIUSDT at 1w:
* The price is below both EMA7 and EMA25, indicating a downtrend.
* RSI14 is around 32.57, suggesting the asset is oversold, potentially nearing a reversal.
* MACD is negative, confirming the downtrend.
For Long position: Consider entry around 1.2-1.3 (near the support level) if there's a clear bullish reversal signal.
For Short position: Consider entry around 2.0-2.2 if the price bounces off the EMAs or resistance is met.
For Spot Buy: 1.2-1.3 is a potential buying range, as it's closer to the support level and might offer a good risk-reward ratio.
Keep an eye on volume and trend confirmation before making any trades.