Price: 0.06455 | EMA7: 0.07 | EMA25: 0.07 | RSI14: 38.29 | Resistance: 0.14126 | Support: 0.00836 | Average Volume: 249356664.34 | Volume Trend: Decreasing
Based on the 1-day technical analysis of PLUMEUSDT, I would conclude that the price is in a downtrend. The EMA25 is above the EMA7, indicating a bearish trend. However, the RSI14 is at 38.28, suggesting the price might be near a potential bottom.
For a Long/Short strategy:
- Long entry: Consider buying at the support level of 0.00836 when the EMA7 crosses above the EMA25, and the RSI14 shows a significant increase (above 50).
- Short entry: Sell short at 0.06455 if the price falls to this level and the MACD stays below 0. Using this approach, consider shorting when the price fails to break above a resistance level and shows signs of a bearish trend.
For a spot buy:
- Wait for a bullish divergence in the MACD and RSI14, and a possible bounce off the support level. A spot buy could be considered around the support level (0.00836), but prioritize caution given the bearish overall trend.