Price: 9.21 | EMA7: 8.37 | EMA25: 16.17 | RSI14: 38.27 | Resistance: 97 | Support: 5.61 | Average Volume: 13738786.71 | Volume Trend: Decreasing
Based on the given 1-week analysis of ORDIUSDT, here's my brief technical analysis:
1. Price is at 9.21, below both EMAs (7 and 25), indicating a bearish momentum.
2. RSI14 (38.27) is in the neutral zone, but leaning towards bearish territory.
3. MACD is negative (-6.46), indicating a bearish trend.
4. The price has dropped significantly and is still in a bearish zone, near the 50% Fibonacci retracement level.
Given these factors, it seems the overall trend is bearish.
For a Long/Short entry, I advise the following prices:
- **Short Entry:** 9.50 or above, in an attempt to ride the bearish wave.
- **Long Entry:** Not recommended at current prices; anticipate a potential bounce or reversal when the price reaches the support level of 5.61 or a Golden Cross.
For a **Spot Buy**:
- **Best Buy Price:** Not recommended at current prices. Wait for a pullback towards the support level of 5.61 or a clear sign of a reversal (e.g., a Golden Cross).