Price: 0.07547 | EMA7: 0.08 | EMA25: 0.08 | RSI14: 52.41 | Resistance: 0.095 | Support: 0.07222 | Average Volume: 24077906.64 | Volume Trend: Decreasing
Based on the 1h technical analysis of SKYUSDT:
- The price (0.07547) is below both EMA7 (0.07618) and EMA25 (0.07612), indicating a short-term downtrend.
- RSI14 is around 52.41, suggesting a neutral momentum.
- MACD is positive but very close to zero, indicating a weak bullish signal.
Given the current analysis:
- **Best Long Entry Price**: Around 0.07222 (support level), with a stop-loss slightly below this level.
- **Best Short Entry Price**: Around 0.076 (near the EMAs), with a stop-loss slightly above 0.077.
- **Best Spot Buy Price**: Around 0.07222, considering it's a strong support level.
Keep in mind that technical analysis is not foolproof, and you should consider other factors and risk management strategies. The decreasing volume trend may indicate a potential breakout or breakdown, so it's crucial to monitor the price action closely.