Price: 0.0546 | EMA7: 0.07 | EMA25: 0.14 | RSI14: 27.77 | Resistance: 0.88 | Support: 0.0529 | Average Volume: 152677670.65 | Volume Trend: Increasing
Based on the 1-week chart of SLFUSDT, I notice a significant downtrend with a decrease in price from the recent high. The RSI is in oversold territory, which may indicate a potential reversal.
My advice is to look for a long entry around $0.0535, which is near the support level. The EMA7 and EMA25 are trending upwards, indicating a potential upward momentum.
As for shorting, I recommend selling around $0.0625, as this is the retest of the EMA7 and could be a reversal point. Additionally, the RSI is overbought, which suggests that the price may be due for a correction.
For spot buying, I suggest waiting for a breakout above the resistance level at $0.088. If the price closes above this level, it could be a sign of a new uptrend, and a good entry point would be around $0.092.