Price: 0.1155 | EMA7: 0.14 | EMA25: 0.23 | RSI14: 31.17 | Resistance: 2.5 | Support: 0.066 | Average Volume: 1373579021.88 | Volume Trend: Decreasing
Based on the 1-week chart of PNUTUSDT:
- The RSI14 (31.17) indicates the asset is in the oversold zone, which could suggest a potential reversal.
- The MACD (-0.06797) is negative, indicating a bearish trend.
- The price (0.1155) is below both EMA7 (0.14437) and EMA25 (0.22844), confirming the bearish momentum.
Advice:
- Short entry: Not recommended given the oversold RSI condition.
- Long entry: Consider buying around the support level (0.066) if the price dips to that point, anticipating a bounce.
- Spot buy price: 0.08-0.09, considering it's closer to the support and potentially offers a better risk-reward ratio.
Monitor the volume trend and RSI closely for signs of a reversal before entering any long positions.