Price: 1.952 | EMA7: 2.27 | EMA25: 2.42 | RSI14: 43.16 | Resistance: 9.855 | Support: 1.638 | Average Volume: 8304323.95 | Volume Trend: Decreasing
Based on the 1-week technical analysis of SANTOSUSDT, here are my observations and recommendations:
**Chart Pattern:** The price is testing the resistance level of 9.855, which is a significant barrier. The chart suggests a potential reversal or consolidation.
**MA Crossovers:** The EMA7 is above the EMA25, indicating a bearish trend.
**Oscillators:** The RSI14 is at 43.16, which is oversold, indicating potential for a bullish reversal. The MACD is bearish, but the divergence is decreasing, hinting at a possible trend reversal.
**Advisory:**
1. For a Long/Short entry:
* Short: 1.952 (current price)
* Long: 1.95-1.938 (break-even zone)
2. For a spot buy:
* Target price: 1.95-1.962 (potential breakout zone)
** Notes:**
* Be cautious of the decreasing volume trend, as it may indicate reduced market momentum.
* Monitor the price action closely for a potential breakout or reversal.
* Adjust the Long/Short entry and spot buy targets based on the price action and market developments.