Price: 0.00719 | EMA7: 0.01 | EMA25: 0.01 | RSI14: 46.43 | Resistance: 0.00765 | Support: 0.00698 | Average Volume: 3524500.29 | Volume Trend: Decreasing
Based on the 1h chart, QIUSDT is forming a supportive wedge pattern. Here's my technical analysis and trading advice:
**Long/Short Entry Prices:**
1. Long Entry: 0.00725 (just below EMA25 support) with a target of 0.00760 (near the resistance level). Stop-loss can be placed at 0.00718.
2. Short Entry: 0.00743 (near the EMA7 resistance) with a target of 0.00700 (near the support level). Stop-loss can be placed at 0.00755.
**Best Spot Buy Price:**
Based on the RSI and MACD indicators, the asset is oversold, but not extremely so. A good spot buy price could be around 0.00710-0.00715, as the price is expected to bounce off the support level. However, make sure to monitor the chart for further confirmation.
**Trading Caution:**
Considering the decreasing volume trend, it's essential to be cautious and adjust trade sizes accordingly. Additionally, monitor the chart for any signs of reversal or confirmation of the wedge pattern.