Price: 0.0305 | EMA7: 0.03 | EMA25: 0.04 | RSI14: 36.48 | Resistance: 0.1061 | Support: 0.0267 | Average Volume: 51552313.63 | Volume Trend: Increasing
Based on the 1D chart, here's my technical analysis:
* The price is below the EMA7 and EMA25, indicating a bearish trend.
* RSI14 is around 36, which suggests the asset is oversold and may be due for a bounce.
* MACD is negative, confirming the bearish trend.
* Resistance is far away at 0.1061, while Support is nearby at 0.0267.
Recommendations:
* Short entry: 0.0295 (just below the EMA7) with a stop-loss at 0.0315.
* Long entry: 0.0275 (just above the Support) with a stop-loss at 0.0255.
* Spot buy: 0.0285 (where the price can potentially bounce off the Support).
Please keep in mind that technical analysis is not a guarantee of success, and it's essential to combine it with fundamental analysis and risk management techniques.