Price: 0.014031 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 44.36 | Resistance: 0.07 | Support: 0.003375 | Average Volume: 24301890846.71 | Volume Trend: Increasing
Based on the 1-week chart of PENGUUSDT, I would recommend a long/short entry strategy:
**Long Entry:**
Consider buying at the spot buy price of 0.014031, as it's close to the EMA25 and has a relatively low RSI (44.36) indicating a potential buying opportunity. The MACD is also showing a slight bullish divergence.
**Spot Buy:**
If you prefer to buy at a higher price, wait for a pullback to the support level of 0.0135-0.0138, where the EMA7 is also situated. This could provide a better risk-reward ratio and a higher potential for growth.
**Short Entry:**
If the price breaks below the support level of 0.003375, consider shorting at the spot sell price (may be around 0.0032-0.0033). The RSI would then be in oversold territory, and the MACD could be indicating a weakening trend.
Remember to set stop-losses and take-profits accordingly to manage your risk. Always use proper risk management and consider your own trading goals before entering any positions.