Price: 0.008349 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 0 | Resistance: 0.00898 | Support: 0.004502 | Average Volume: 70358618900 | Volume Trend: Decreasing
Based on the 1-week chart of PUMPUSDT, I would say the overall trend is bearish.
Key points:
- Price is below both EMA7 and EMA25, indicating a downward trend.
- The RSI14 is not given, please provide it for further analysis.
- MACD is close to zero, suggesting a neutral MACD trend.
- Resistance is at 0.00898 and support is at 0.004502.
- Decreasing volume indicates a lack of bullish momentum.
Advice:
1. Best Long/Short entry price:
- Wait for the RSI14 to cross above the 50-level from below, indicating the possible end of a bearish trend.
- Use the EMA7 as a potential long entry point.
- Set a stop-loss below the recent lows of 0.0075.
- Potential long entry prices: between 0.0075 and 0.0080.
2. Best spot buy price:
- Based on the given data, I would advise not to buy at the current spot price of 0.008349.
- Keep an eye on the price action at support levels like 0.004502.
- Consider buying if the RSI14 starts to trend upwards and the price bounces off the support.
Please note that these are general observations, and further analysis and monitoring are required to make informed trading decisions.