Price: 3.125 | EMA7: 3.18 | EMA25: 3.38 | RSI14: 42.04 | Resistance: 5.522 | Support: 2.504 | Average Volume: 4636875.72 | Volume Trend: Decreasing
For RENDERUSDT at 1d:
- The price is currently below both EMA7 and EMA25, indicating a downtrend.
- RSI14 is at 42.036, suggesting the asset is nearing oversold territory but not yet there.
- MACD is negative, reinforcing the downtrend.
**Long Entry Advice:** Consider a long entry if the price breaks above EMA7 (3.181) and then EMA25 (3.377), with a stronger confirmation above 3.5. A cautious long entry could be around 3.2, with a stop loss below the recent low.
**Short Entry Advice:** If the downtrend continues, a short entry could be considered around 3.0, with a stop loss above EMA7 (3.181). More aggressively, a short could be taken now, with a tight stop loss at 3.2.
**Spot Buy Price:** For a spot buy, a good entry could be around 2.8 - 3.0, depending on your risk tolerance, with a stop loss below the strong support at 2.504.
Keep an eye on volume; a decreasing volume with a downtrend could indicate a potential reversal or consolidation. Monitor the price action around the support and resistance levels for further clues.