Price: 0.852 | EMA7: 1 | EMA25: 1.36 | RSI14: 35.23 | Resistance: 11.46 | Support: 0.55 | Average Volume: 119244613.5 | Volume Trend: Decreasing
Based on the 1-week technical analysis of RUNEUSDT:
- The current price is 0.852, below both EMA7 (0.9989) and EMA25 (1.3609), indicating a downtrend.
- RSI14 is at 35.23, suggesting the asset is nearing oversold territory, potentially preparing for a bounce or consolidation.
- MACD is negative (-0.2856), supporting the bearish momentum.
For Long/Short strategies:
- **Long Entry Advice**: Consider entering long around the support level of 0.55, as it has historically been a strong support zone. A stop-loss below this level is advised.
- **Short Entry Advice**: Since the price is already in a downtrend, a potential short entry could be considered near resistance levels or upon a failed attempt to cross above EMA7 or EMA25. A reasonable short entry could be around 0.9989 (EMA7) or higher if it reaches towards EMA25 at 1.3609, with a stop-loss above the respective EMA.
For Spot Buying:
- **Best Spot Buy Price**: The best spot buy price could be around the strong support level of 0.55, given the current downtrend and RSI nearing oversold conditions. Buying at this level could be strategic for a potential bounce or long-term holding, with an understanding that a break below this level could lead to further downside.
Keep in mind that technical analysis is not a guarantee of future movements. It's essential to combine it with fundamental analysis and risk management strategies.